OWNERSHIP CONCENTRATION OF AGRICULTURAL LISTED COMPANIES AND OPERATING PERFORMANCE ANALYSIS
Kanxiong NIE1, Fangyong LI1, Jun QIAO2
1School of Enterprise Management, Chongqing Jiaotong University, Chongqing, 400074, CHINA
2School of Civil Engineering & Architecture, Chongqing Jiaotong University, Chongqing, 400074, CHINA
Abstract: Our country is a big population country, also it is an agricultural country. Because agriculture is the basic industry and pillar industry in our country, also the development of agricultural is closely related to national economy and people's livelihood, therefore, as the leading enterprises of the agricultural listed companies should be given more attention. As the representative of agricultural enterprises, agricultural listed companies play an important role in the process of agricultural industrialization. But compared with nonagricultural listed companies, the agricultural companies' management benefit is lower than the average level of listed companies. Production activities and management benefit of the agricultural listed companies in our country haven't meet our expectations, also the characteristic of ownership concentration may have an affect on production and management of the listed companies in our country, which in turn affects the corporate performance. So this paper studies the relationship between ownership concentration and the operating performance of the agricultural listed companies. But this kind of research papers are rare, and whether agriculture listed company ownership structure have an impact on operating performance is not clear, so the purpose of this study is that through the empirical analysis to reveal one aspect of our country agriculture listed company ownership structure-the relationship between ownership concentration and operating performance, in order to explore a target model which can optimize the structure of agriculture listed company ownership.
Keywords: Ownership Concentration; Operating Performance; Empirical Analysis