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

Journal of Financial Management of Property and Construction - Tập 12 Số 1 - Trang 3-10 - 2007
QiulinKe1, DavidIsaac2
1Nottingham Trent University, School of Architecture, Design and the Built Environment, Burton Street, Nottingham
2University of Greenwich, School of Architecture and Construction, Avery Hill Campus, Bexley Road, Eltham, London

Tóm tắt

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.

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Thông tin xuất bản

Journal of Financial Management of Property and Construction

Tập 12 Số 1

3-10

Thông tin tác giả