摘要
以CR指数、HERF指数、Z指数为解释变量 ,对我国高技术上市公司的股权集中度与公司治理效率进行了实证分析。结果表明 :CR指数与公司绩效呈显著的倒U型曲线关系 ,HERF指数、Z指数与公司绩效呈显著的线性关系 ,这说明适度集中、持股比例较为均衡的股权结构更有利于公司治理机制的发挥 。
The paper andalyzes the relationship between ownership concentration and firm performance. The results show that fim performance os significant'∩-style'related with the CR index and firm perfornance is significant'linear' related with the HERF index and Z index. It indicates that the ownership structure which is reasonably concentyated and proportionly distrbuted can promite the optimization of the corporate governance and firm perfornances.
出处
《商业研究》
北大核心
2003年第24期78-81,共4页
Commercial Research
