Study on Relation between Equity Structure and Performance of Listed Companies - Evidence for Building Industry in A Share Market

Xinyuan Zhang, Zhixiu Guo, Xiaorui Feng and Yan He

International Journal of Economics and Finance, 2017, vol. 9, issue 7, 114-121

Abstract: The equity structure is the basis for corporate governance, and the decisive factor for performance of listed companies. Considering the return on equity as the measure index of company performance, the paper has collected 2014-2016 data related to index of equity structure from 32 listed companies in Shanghai and Shenzhen, made descriptive statistical analysis and correlation analysis on it with spass20.0 statistical software, and discussed the relation between equity structure and performance of listed companies. The research finds that: Chinese listed companies for building industry still have relatively high equity concentration, imperfect internal governance mechanism and poor equity restriction. The effect of ¡°bargaining¡± is difficultly developed to promote the growth of performance. China shall further strengthen the efforts to control, spur listed companies to reinforce the internal management, and optimize the equity structure to ensure the effective balance, with the purpose of accelerating the healthy and sustainable development of listed companies and safeguarding the interests of medium-small investors.

Keywords: Chinese building industry; equity structure; equity concentration; equity restriction; company performance (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:9:y:2017:i:7:p:114-121

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