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公司治理结构对其绩效影响直接,而公司治理的基础又主要在于股权结构。股权结构合理,有助于完善公司治理结构,进而提高公司绩效。本文基于中国股权分置改革前后深沪上市地产公司的样本数据,运用多元回归法,建立多元回归模型,并借助Eviews5.0统计软件,着重分析研究沪深上市地产公司国有股东持股比例、法人股东持股比例、流通股比例,以及公司第一大股东持股比例与公司绩效的相关关系,从而回答中国上市地产公司股权结构与公司绩效的关系究竟如何,怎样的股权结构才是有效的等问题。
The corporate governance structure has a direct impact on its performance and the foundation of corporate governance lies mainly in the shareholding structure. Ownership structure is reasonable, help to improve the corporate governance structure, thus improving corporate performance. Based on the sample data of real estate companies in Shenzhen and Shanghai listed before and after the non-tradable share reform in China, this paper establishes a multiple regression model by multiple regression and analyzes the shareholding of state-owned shareholders of Shanghai-Shenzhen listed real estate companies with Eviews 5.0 statistical software. The proportion of shares held by shareholders, the proportion of tradable shares, and the relationship between the shareholding percentage of the largest shareholder of a company and the performance of a company, so as to answer the question as to exactly how the ownership structure of a Chinese listed real estate company relates to the company’s performance, and what kind of ownership structure is effective problem.