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Three research hypotheses are proposed for the relationship between enterprise performance and ownership structure by measuring enterprise performance with economic value added. The empirical results show that hypothesis 1 is supported; the ratio of state shares is negatively correlated with corporate performance. Hypothesis 2 is not supported; there is insignificantly negative correlation between the ratio of legal person shares and corporate performance. There is a significant positive correlation between listed stocks and corporate performance supporting hypothesis 3. Keywords—shareholding structure; firm performance; economic value added

The Empirical Study of Shareholding Structure and Firm Performance in China