The relationship between ownership structure and corporate performance : an empirical study based on listed companies of Shenzhen stock exchange

Abstract

This paper studies the relationship between ownership structure and corporate performance. After the reform of the Chinese financial system, ownership structure has become an important factor related to corporate performance. The study uses panel data regression analysis method to investigate the relationship between ownership structure and performance. In particular, this research analyzes whether firm performance is positively correlated with the largest share stockholder and the largest ten shareholders. It also analyzes the effect of the legal person shares and the index Z on firm performance. This study uses A-share companies of Shenzhen Stock exchange in 2012.