The Impact of Ownership and Ownership Concentration on the Performance of China’s Listed Firms
作者： Shiguang Ma , Tony Naughton , Gary Gang Tian
DOI: 10.2139/SSRN.1395588
关键词:
摘要: This paper investigates the impact of ownership and concentration on performance China’s listed firms. By recognizing differences between total tradable concentration, we conduct simplex, interactive joint analyses. We find that is approximately associated with higher firm performance. Ownership more powerful than any category in determining Firm better when state largest top shareholders and/or institutions dominate among shareholders. Our results support theory high mitigates agency problem.
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