Ownership structure and corporate performance: empirical evidence of China’s listed property companies
Ke, Qiulin and Isaac, David (2007) Ownership structure and corporate performance: empirical evidence of China’s listed property companies. Journal of Financial Management of Property and Construction, 12 (1). pp. 3-10. ISSN 1366-4387 (doi:10.1108/13664380780001089)Full text not available from this repository.
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.
|Uncontrolled Keywords:||corporate performance, legal person shares, ownership structure, state shares|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|School / Department / Research Groups:||School of Architecture, Design & Construction|
School of Architecture, Design & Construction > Department of Property, Housing & Regeneration
|Last Modified:||16 Jan 2014 17:04|
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