摘要
近年来,家电行业的发展速度正在变慢,为了能在激烈的竞争中生存下来,必须不断提升企业自身的绩效。上市公司股权结构作为公司治理结构的重要组成部分,与公司绩效关系十分密切。本文选取了我国家电业15家上市公司作为研究对象,从股权集中度和股权性质两个方面,对股权结构与公司绩效关系进行回归分析,得出股权集中度与公司绩效呈正相关关系,国有股比例与公司绩效呈U型关系,法人股比例与公司绩效呈正相关关系,流通股比例与公司绩效呈负相关关系。最后根据研究的结果,结合家电行业股权结构的特点,提出了优化公司股权结构从而提高公司绩效的建议。
关键词:股权结构 公司绩效 回归分析 家电行业
Abstract
In recent years, the development speed of household electrical appliances industry is slow. In order to survive in the fierce competition,companies must constantly improve their performance. Shareholding structure of listed companies as an important part of the corporate governance structure, there is a very close relationship with the company’s performance. This paper selected 15 listed companies in the household appliance industry as a research object, from two aspects of ownership concentration and equity properties; regression analysis was carried out on the relationship between ownership structure and corporate performance. It is concluded that ownership concentration were positively correlated with corporate performance, the proportion of state-owned shares were u-shaped relationship with corporate performance, legal person share proportion were positively correlated with corporate performance, and the proportion of tradable shares were negatively correlated with corporate performance. Finally, according to the results of the study, combined with the characteristics of the household appliance industry ownership structure, that shareholding structure of the company is proposed to optimize the performance of recommendations to improve the company.
Key words: Shareholding structure Corporate Performance
Regression analysis Appliance industry
目 录