Abstract
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.
Highlights
As the backbone of the national economy, State-owned enterprises play a crucial role for China’s economic and social development
In addition to ownership concentration, the proportion of state enterprises, the proportion of corporate shares and the proportion of outstanding shares are closely related with corporate performance
We conducted an empirical analysis to the relationship between the performance of state-owned enterprises of Sichuan and shareholding structure
Summary
As the backbone of the national economy, State-owned enterprises play a crucial role for China’s economic and social development. 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. (2014) The Empirical Analysis of State-Owned Enterprises Performance and Ownership Structure: Based on the Panel Data of State-Owned Enterprises in Sichuan. The research of McConnel and Servaes [2] showed that there was a non-linear relationship between ownership structure and corporate performance. Through analysis of existing research literature, we found that there were no unified empirical results between ownership structure and firm performance. In this paper we use the DEA method to measure corporate performance, hoping to get closer to the objective facts of the conclusions
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