Managerial ownership has been employed as an incentive
mechanism in China in recent years.
One strategy to achieve mixed ownership reform
of state-owned firms is through managerial ownership. This paper examines the
impact of management ownership on the performance of mixed ownership firms,
using the mixed ownership reform of Chinese state-owned enterprises as the
research object. The following are the conclusions: In state-owned listed
corporations, managerial ownership and corporate performance have a positive
link. The proportion of management shares held, ownership concentration, and
equity balance all affect the company's financial success. The proportion of
independent directors and the rate of return on net assets have a substantial
negative association, indicating that independent directors of state-owned
businesses in China have not fulfilled their proper role in the governance of
state-owned enterprises.
Author (S) Details
Gao Li
International Business School, Tianjin Foreign Studies University, Tianjin,
China.
Song Shanshan
International
Business School, Tianjin Foreign Studies University, Tianjin, China.
View Book - https://stm.bookpi.org/MPEBM-V7/article/view/3621
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