Study on the Problems of Management Shareholding and the Mixed Ownership

Gao Li; Song Shanshan

doi:doi:10.11648/j.ijefm.20170506.15

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Study on the Problems of Management Shareholding and the Mixed Ownership

Gao Li, Song Shanshan

Published in International Journal of Economics, Finance and Management Sciences (Volume 5, Issue 6)

Received: 16 November 2017 Published: 20 November 2017

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Abstract

In recent years, managerial ownership has begun to be used as an incentive mechanism in China. Managerial ownership is one of the ways to realize the mixed ownership reform of state owned enterprises. In this paper, the impact of executive stock ownership on corporate performance of China's state-owned listed companies that mixed ownership has been achieved is analyzed. The conclusions are as follows: the state-owned listed companies management ownership and corporate performance has a positive correlation. The financial performance of the company increases with the proportion of management shareholding, ownership concentration and equity balance. There is a significant negative correlation between the proportion of independent directors and the rate of return on net assets, which shows that the independent directors of state-owned enterprises in China have not played its due role in the governance of state-owned enterprises.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 5, Issue 6)
DOI	10.11648/j.ijefm.20170506.15
Page(s)	304-311
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

State-Owned Enterprises, Mixed Ownership, Managerial Ownership, Corporate Performance

References

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APA Style

Gao Li, Song Shanshan. (2017). Study on the Problems of Management Shareholding and the Mixed Ownership. International Journal of Economics, Finance and Management Sciences, 5(6), 304-311. https://doi.org/10.11648/j.ijefm.20170506.15

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ACS Style

Gao Li; Song Shanshan. Study on the Problems of Management Shareholding and the Mixed Ownership. Int. J. Econ. Finance Manag. Sci. 2017, 5(6), 304-311. doi: 10.11648/j.ijefm.20170506.15

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AMA Style

Gao Li, Song Shanshan. Study on the Problems of Management Shareholding and the Mixed Ownership. Int J Econ Finance Manag Sci. 2017;5(6):304-311. doi: 10.11648/j.ijefm.20170506.15

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@article{10.11648/j.ijefm.20170506.15,
  author = {Gao Li and Song Shanshan},
  title = {Study on the Problems of Management Shareholding and the Mixed Ownership},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {5},
  number = {6},
  pages = {304-311},
  doi = {10.11648/j.ijefm.20170506.15},
  url = {https://doi.org/10.11648/j.ijefm.20170506.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20170506.15},
  abstract = {In recent years, managerial ownership has begun to be used as an incentive mechanism in China. Managerial ownership is one of the ways to realize the mixed ownership reform of state owned enterprises. In this paper, the impact of executive stock ownership on corporate performance of China's state-owned listed companies that mixed ownership has been achieved is analyzed. The conclusions are as follows: the state-owned listed companies management ownership and corporate performance has a positive correlation. The financial performance of the company increases with the proportion of management shareholding, ownership concentration and equity balance. There is a significant negative correlation between the proportion of independent directors and the rate of return on net assets, which shows that the independent directors of state-owned enterprises in China have not played its due role in the governance of state-owned enterprises.},
 year = {2017}
}

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TY  - JOUR
T1  - Study on the Problems of Management Shareholding and the Mixed Ownership
AU  - Gao Li
AU  - Song Shanshan
Y1  - 2017/11/20
PY  - 2017
N1  - https://doi.org/10.11648/j.ijefm.20170506.15
DO  - 10.11648/j.ijefm.20170506.15
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 304
EP  - 311
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20170506.15
AB  - In recent years, managerial ownership has begun to be used as an incentive mechanism in China. Managerial ownership is one of the ways to realize the mixed ownership reform of state owned enterprises. In this paper, the impact of executive stock ownership on corporate performance of China's state-owned listed companies that mixed ownership has been achieved is analyzed. The conclusions are as follows: the state-owned listed companies management ownership and corporate performance has a positive correlation. The financial performance of the company increases with the proportion of management shareholding, ownership concentration and equity balance. There is a significant negative correlation between the proportion of independent directors and the rate of return on net assets, which shows that the independent directors of state-owned enterprises in China have not played its due role in the governance of state-owned enterprises.
VL  - 5
IS  - 6
ER  -

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Author Information

Gao Li

International Business School, Tianjin Foreign Studies University, Tianjin, China
Song Shanshan

International Business School, Tianjin Foreign Studies University, Tianjin, China

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APA Style

Gao Li, Song Shanshan. (2017). Study on the Problems of Management Shareholding and the Mixed Ownership. International Journal of Economics, Finance and Management Sciences, 5(6), 304-311. https://doi.org/10.11648/j.ijefm.20170506.15

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ACS Style

Gao Li; Song Shanshan. Study on the Problems of Management Shareholding and the Mixed Ownership. Int. J. Econ. Finance Manag. Sci. 2017, 5(6), 304-311. doi: 10.11648/j.ijefm.20170506.15

Copy | Download

AMA Style

Gao Li, Song Shanshan. Study on the Problems of Management Shareholding and the Mixed Ownership. Int J Econ Finance Manag Sci. 2017;5(6):304-311. doi: 10.11648/j.ijefm.20170506.15

Copy | Download

@article{10.11648/j.ijefm.20170506.15,
  author = {Gao Li and Song Shanshan},
  title = {Study on the Problems of Management Shareholding and the Mixed Ownership},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {5},
  number = {6},
  pages = {304-311},
  doi = {10.11648/j.ijefm.20170506.15},
  url = {https://doi.org/10.11648/j.ijefm.20170506.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20170506.15},
  abstract = {In recent years, managerial ownership has begun to be used as an incentive mechanism in China. Managerial ownership is one of the ways to realize the mixed ownership reform of state owned enterprises. In this paper, the impact of executive stock ownership on corporate performance of China's state-owned listed companies that mixed ownership has been achieved is analyzed. The conclusions are as follows: the state-owned listed companies management ownership and corporate performance has a positive correlation. The financial performance of the company increases with the proportion of management shareholding, ownership concentration and equity balance. There is a significant negative correlation between the proportion of independent directors and the rate of return on net assets, which shows that the independent directors of state-owned enterprises in China have not played its due role in the governance of state-owned enterprises.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Study on the Problems of Management Shareholding and the Mixed Ownership
AU  - Gao Li
AU  - Song Shanshan
Y1  - 2017/11/20
PY  - 2017
N1  - https://doi.org/10.11648/j.ijefm.20170506.15
DO  - 10.11648/j.ijefm.20170506.15
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 304
EP  - 311
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20170506.15
AB  - In recent years, managerial ownership has begun to be used as an incentive mechanism in China. Managerial ownership is one of the ways to realize the mixed ownership reform of state owned enterprises. In this paper, the impact of executive stock ownership on corporate performance of China's state-owned listed companies that mixed ownership has been achieved is analyzed. The conclusions are as follows: the state-owned listed companies management ownership and corporate performance has a positive correlation. The financial performance of the company increases with the proportion of management shareholding, ownership concentration and equity balance. There is a significant negative correlation between the proportion of independent directors and the rate of return on net assets, which shows that the independent directors of state-owned enterprises in China have not played its due role in the governance of state-owned enterprises.
VL  - 5
IS  - 6
ER  -

Copy | Download