Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Ownership structure and corporate performance: empirical evidence of China’s listed property companies

Ownership structure and corporate performance: empirical evidence of China’s listed property... This paper investigates the relationship of ownership structure and corporate performance of China’s listed property companies. Data from all the listed property companies on China’s stock market from 2000 to 2002 were used to study ownership concentration, type of controlling shares and their relation to corporate performance. The methodology applied is the conventional ordinary least square (OLS) model which is widely used in empirical studies on corporate governance. The study shows that ownership concentration has a positive association with corporate performance. Also that state shareholding is positively related to corporate performance; this is inconsistent with other empirical studies on the ownership structure and corporate performance of China’s listed companies and rflects the industry’s characteristics. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Management of Property and Construction Emerald Publishing

Ownership structure and corporate performance: empirical evidence of China’s listed property companies

Loading next page...
 
/lp/emerald-publishing/ownership-structure-and-corporate-performance-empirical-evidence-of-3L07ipoDAQ
Publisher
Emerald Publishing
Copyright
Copyright © 2007 Emerald Group Publishing Limited. All rights reserved.
ISSN
1366-4387
DOI
10.1108/13664380780001089
Publisher site
See Article on Publisher Site

Abstract

This paper investigates the relationship of ownership structure and corporate performance of China’s listed property companies. Data from all the listed property companies on China’s stock market from 2000 to 2002 were used to study ownership concentration, type of controlling shares and their relation to corporate performance. The methodology applied is the conventional ordinary least square (OLS) model which is widely used in empirical studies on corporate governance. The study shows that ownership concentration has a positive association with corporate performance. Also that state shareholding is positively related to corporate performance; this is inconsistent with other empirical studies on the ownership structure and corporate performance of China’s listed companies and rflects the industry’s characteristics.

Journal

Journal of Financial Management of Property and ConstructionEmerald Publishing

Published: Mar 1, 2007

Keywords: Ownership structure; State shares; Legal person shares; Corporate performance

There are no references for this article.