论文部分内容阅读
以2011—2013年度深市创业板上市公司财务数据为样本,将投资增长率与资产负债率作为控制变量,研究股权集中度与公司绩效的关系,发现随着公司投资增长率的增大,会削弱股权集中度对公司绩效的影响,而且公司的资产负债率越大,股权集中度对公司绩效的相关性越强。本文的研究结论对指导创业板上市公司科学配置股权结构具有指导和借鉴意义。
Taking the financial data of GEM of Shenzhen Stock Exchange for 2011-2013 as a sample, we take the investment growth rate and asset-liability ratio as the control variables to study the relationship between ownership concentration and company performance. We find that as the investment growth rate of the company increases, Weakened the impact of ownership concentration on corporate performance, and the greater the company’s debt ratio, the stronger the correlation between ownership concentration and corporate performance. The conclusion of this paper can guide and draw lessons from the scientific allocation of ownership structure for GEM listed companies.