Research on the Impact of Vanke’s Shareholding Structure on Investment Efficiency

Yuxin Jiang ()
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Yuxin Jiang: Tianjin Foreign Studies University

A chapter in Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025), 2025, pp 607-614 from Springer

Abstract: Abstract In recent years, with the rapid development of China’s economy, the investment behavior of China’s listed companies has developed in the direction of qualitative change, and the investment behavior of high efficiency and high quality has been pursued. Equity structure is also the key factor affecting the investment efficiency of enterprises, so how to ensure that enterprises carry out efficient investment behavior, and how the company’s equity structure affects inefficient investment has become a very concerned issue for listed companies in China. Based on Vanke’s data from 2017 to 2023, this paper analyzes the relationship between the shareholding structure and the relative control of the largest shareholder and non-efficient investment from the perspectives of the degree of equity checks and balances and the relative control of the largest shareholder. Finally, it is concluded that Vanke should further optimize the shareholding structure, avoid the emergence of a dominant situation, and implement the supervision of the controlling shareholder.

Keywords: Degree of equity checks and balances; Relative control of the largest shareholder; Inefficient investment (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-702-1_64

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DOI: 10.2991/978-94-6463-702-1_64

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