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Chinese Journal of Management Science ›› 2004, Vol. ›› Issue (6): 143-148.

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An Empirical Analysis of Company's Ownership Structure and Influence Factor

LI Zhi-tong1, ZHANG Rui-jun2   

  1. 1. School of Management, Xi’an Jiaotong University, Xi’an 710049, China;
    2. Business School, Renmin University of China, Beijing 100872, China
  • Received:2004-05-18 Revised:2004-09-29 Online:2004-12-28 Published:2012-03-07

Abstract: This paper regards observation value of 821 listed companies in 1999-2001 years,analyses some key elements of company’s ownership structure,namely maximal size of company’s value,control potential and systematic regulation,and introduces special risk of the company,etc.as with the unstable and closely linked factors.The research finds the change of company’s ownership structure,and goes on by way of maximizing the compatible one with value all the time.Average concentration degree of ownership to control company is more important than that of other company.The ownership structure of the public utilities company is influenced by those control more greatly than finance industry.The paper has offered the experience evidence in decreasing of state shares and shares diversification.

Key words: ownership structure, value maximize ation, control potential, systematic regulation

CLC Number: