Ownership structure and corporate performance: empirical evidence of China's listed property companies

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). ISSN 1366-4387

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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 reflects the industry’s characteristics.

Item Type:	Journal article
Publication Title:	Journal of Financial Management of Property and Construction
Creators:	Ke, Q. and Isaac, D.
Publisher:	Emerald
Date:	2007
Volume:	12
Number:	1
ISSN:	1366-4387
Divisions:	Schools > School of Architecture, Design and the Built Environment
Record created by:	EPrints Services
Date Added:	09 Oct 2015 10:00
Last Modified:	19 Oct 2015 14:26
URI:	https://irep.ntu.ac.uk/id/eprint/6109

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