A Study on the Effect of Heterogeneous Equity Mix on the Performance of Mixed Ownership Firms

Xuemei Liu, Rong Yang and Dongsheng Li

International Journal of Economics and Finance, 2023, vol. 15, issue 7, 23

Abstract: This paper empirically tests the impact of heterogeneous equity mix on corporate performance using unbalanced dynamic panel data of China’s A-share main board market from 2008-2019 and comparatively analyzes the differences in the impact of heterogeneous equity mix on different holding companies’ performance and socioeconomic efficiency. The results show that a heterogeneous equity mix has no significant effect on the operating efficiency of enterprises, but has a significant positive effect on the operating efficiency and socioeconomic efficiency of enterprises. However, a heterogeneous equity mix does not promote the transformation of operation and governance mechanisms, resulting in no significant improvement in enterprise operating efficiency.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ccsenet.org/journal/index.php/ijef/article/download/0/0/48887/52689 (application/pdf)
https://ccsenet.org/journal/index.php/ijef/article/view/0/48887 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:15:y:2023:i:7:p:23

Access Statistics for this article

More articles in International Journal of Economics and Finance from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().