發(fā)布時(shí)間：2018-09-10 07:45

【摘要】： 合理的股權(quán)結(jié)構(gòu)是完善公司治理結(jié)構(gòu)的基礎(chǔ),而良好的公司績(jī)效需要以合理的股權(quán)結(jié)構(gòu)和完善的公司治理結(jié)構(gòu)作為保證,股權(quán)結(jié)構(gòu)、公司治理和公司績(jī)效三者之間存在著密切的關(guān)系。我國(guó)上市公司大多是在國(guó)有企業(yè)改革過(guò)程中產(chǎn)生的,由于計(jì)劃經(jīng)濟(jì)的歷史背景和轉(zhuǎn)軌經(jīng)濟(jì)時(shí)期市場(chǎng)環(huán)境不完善等特征,跟其他國(guó)家相比,我國(guó)上市公司股權(quán)結(jié)構(gòu)有著明顯的不同,而且股權(quán)結(jié)構(gòu)作用于公司績(jī)效機(jī)制的途徑和影響程度也存在差異。本文正是從實(shí)際情況出發(fā),通過(guò)對(duì)我國(guó)上市公司股權(quán)結(jié)構(gòu)與公司績(jī)效關(guān)系的理論與實(shí)證分析,從而驗(yàn)證股權(quán)結(jié)構(gòu)與公司績(jī)效之間的相關(guān)性。 論文在回顧國(guó)內(nèi)外對(duì)股權(quán)結(jié)構(gòu)與公司績(jī)效關(guān)系相關(guān)理論的基礎(chǔ)上,對(duì)我國(guó)上市公司股權(quán)結(jié)構(gòu)與公司績(jī)效關(guān)系進(jìn)行了深入的分析,即通過(guò)對(duì)一系列的市場(chǎng)整體數(shù)據(jù)分析,探討了我國(guó)上市公司目前的股權(quán)結(jié)構(gòu)現(xiàn)狀,分析了股權(quán)構(gòu)成對(duì)公司績(jī)效的影響。結(jié)合我國(guó)上市公司股權(quán)結(jié)構(gòu)及我國(guó)上市公司治理機(jī)制的特點(diǎn),分別提出了股權(quán)集中度與公司績(jī)效關(guān)系以及國(guó)家股、法人股、流通股的比例與公司績(jī)效關(guān)系的理論假設(shè)。同時(shí),建立了相應(yīng)的多元線性數(shù)學(xué)分析模型,利用SPSS14.0統(tǒng)計(jì)軟件,對(duì)之進(jìn)行線性回歸分析,研究它們之間的回歸系數(shù)和關(guān)聯(lián)度,并對(duì)檢驗(yàn)結(jié)果進(jìn)行了分析,最后對(duì)實(shí)證結(jié)論及其理論涵義進(jìn)行了歸納總結(jié),有針對(duì)性地提出相關(guān)政策建議。
[Abstract]:Reasonable ownership structure is the basis of perfecting corporate governance structure, and good corporate performance needs reasonable equity structure and perfect corporate governance structure as the guarantee, equity structure, There is a close relationship between corporate governance and corporate performance. Most of the listed companies in China are produced in the course of the reform of state-owned enterprises. Due to the historical background of planned economy and the imperfect market environment during the transitional economic period, compared with other countries, The ownership structure of listed companies in China is obviously different, and the ways and the degree of influence of ownership structure on corporate performance mechanism are also different. This paper is based on the actual situation, through the theoretical and empirical analysis of the relationship between equity structure and corporate performance of listed companies in China, so as to verify the correlation between ownership structure and corporate performance. On the basis of reviewing the theory of the relationship between equity structure and corporate performance, the paper makes a deep analysis of the relationship between equity structure and corporate performance of listed companies in China, that is, through a series of market data analysis. This paper probes into the present situation of stock ownership structure of listed companies in China, and analyzes the influence of equity structure on company performance. Based on the characteristics of the ownership structure of listed companies and the governance mechanism of listed companies in China, this paper puts forward the theoretical assumptions of the relationship between ownership concentration and corporate performance, as well as the relationship between the proportion of state shares, legal shares, circulating shares and corporate performance. At the same time, the corresponding multivariate linear mathematical analysis model is established, and the linear regression analysis is carried out by using SPSS14.0 statistical software, and the regression coefficient and correlation degree between them are studied, and the test results are analyzed. Finally, the empirical conclusions and their theoretical implications are summarized, and relevant policy recommendations are put forward.
【學(xué)位授予單位】：中南大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2008
【分類(lèi)號(hào)】：F272;F276.6;F224

【引證文獻(xiàn)】

相關(guān)博士學(xué)位論文 前1條

1 藍(lán)定香;大型國(guó)有企業(yè)產(chǎn)權(quán)多元化研究[D];西南財(cái)經(jīng)大學(xué);2009年

相關(guān)碩士學(xué)位論文 前5條

1 李紅梅;科技型中小企業(yè)股權(quán)結(jié)構(gòu)與公司績(jī)效關(guān)系實(shí)證研究[D];蘇州大學(xué);2011年

2 莫詠梅;股權(quán)結(jié)構(gòu)與公司價(jià)值關(guān)系的研究[D];南京林業(yè)大學(xué);2009年

3 黎立立;上市公司股權(quán)結(jié)構(gòu)對(duì)會(huì)計(jì)信息質(zhì)量影響的實(shí)證分析[D];江西財(cái)經(jīng)大學(xué);2009年

4 周好甲;我國(guó)醫(yī)藥行業(yè)上市公司股權(quán)結(jié)構(gòu)對(duì)公司績(jī)效的影響研究[D];西北大學(xué);2010年

5 朱麗娜;上市軍工企業(yè)財(cái)務(wù)風(fēng)險(xiǎn)預(yù)警研究[D];西安工業(yè)大學(xué);2010年

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本文編號(hào)：2233821