The Empirical Analysis of State-Owned Enterprises Performance and Ownership Structure: Based on the Panel Data of State-Owned Enterprises in Sichuan
Author(s) -
Xuefeng Du,
Yixiang Tian,
Gaoxun Zhang,
Honglei Zhang
Publication year - 2014
Publication title -
open journal of social sciences
Language(s) - English
Resource type - Journals
eISSN - 2327-5960
pISSN - 2327-5952
DOI - 10.4236/jss.2014.29053
Subject(s) - panel data , state owned , business , panel analysis , state (computer science) , empirical research , state ownership , industrial organization , positive relationship , accounting , econometrics , finance , economics , statistics , market economy , mathematics , emerging markets , psychology , social psychology , algorithm
In this paper, we used Super-efficient DEA methodology and panel data analysis methods to analysis of the relationship between the performance of state-owned enterprises of Sichan and its shareholding structure. The results showed that: there is no significant correlation between the ownership concentration and corporate performance; there exists significant negative correlation between the proportion of state-owned shares and corporate performance; there is no significant correlation between the proportion of corporate shares and corporate performance. Thus, that moderate control the proportion of state-owned shares will be benefit to the state-owned enterprises of Sichuan.
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