The Impact Of Ownership Structure On Corporate Performance (Business -Operating Result) Of Listed Companies On Hose

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Đỗ Thị Thanh Trâm

Abstract

ABSTRACT


This research studies the relationship between equity structure and business performance/ operating result of listed companies on HOSE during three years 2015, 2016 and 2017. This is not only an important aspect in the corporate governance but also more important for companies operating in the form of a joint stock company. The author uses the Enterprise Management System theory and references Xiaonian Xu and Yan Wang's research model applied to Chinese joint stock companies. The used data is secondary data including indicators showing the company's business results (ROA, ROE, P / B) and equity ratios. of shareholders (ownership concentration, ownership components). Research method was performed by regression analysis using SPSS software, in which the dependent variables are indicators of the company's business results, the main independent variables represent the equity structure. The first result is that the ownership component of individuals (personal) has a negative impact on the business performance of companies, in contrast to the fraction of equity owned by state and equity owned by legal person/institution do not have any influence about the linear correlation. The second result is the concentration of ownership with no relation to the business performance of companies. With the above results, this topic can be studied more extensively for all types other ownership such as domestic shareholders and foreign shareholders; due to both of two types increasingly essential for companies and investors in the joint stock market.


Keyword: ROA, ROE, P, P/B, A2, HERF2, F, FST, FLP, FI, SALE, DAR, GROW.

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Trâm, Đỗ. (2020). The Impact Of Ownership Structure On Corporate Performance (Business -Operating Result) Of Listed Companies On Hose. Binh Duong University Journal of Science and Technology, 1(4). Retrieved from http://jst.bdu.edu.vn/jst/article/view/676
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