ke, Q and Isaac, D (2007) Ownership structure and corporate performance: Empirical evidence of China's listed property companies. Journal of Financial Management of Property and Construction, 12(1), pp. 3-10. ISSN 1366-4387
Abstract
This paper investigates the relationship of ownership structure and corporate performance of China's listed property companies. Data from all the listed property companies on China's stock market from 2000 to 2002 were used to study ownership concentration, type of controlling shares and their relation to corporate performance. The methodology applied is the conventional ordinary least square (OLS) model which is widely used in empirical studies on corporate governance. The study shows that ownership concentration has a positive association with corporate performance. Also that state shareholding is positively related to corporate performance; this is inconsistent with other empirical studies on the ownership structure and corporate performance of China's listed companies and rflects the industry's characteristics.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | corporate performance; legal person shares; ownership structure; state shares |
| Index terms: | empirical study, ownership, China, corporate governance, property company, methodology, evidence, corporate performance |
| Subjects: | real estate economics, evaluation and assessment methods, business, performance measurement, research methods, economics, Geography |
| Topics: | Research Practice, Geographical Context, Governance, Urban Studies, Quality Management, Organizational Design |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here