摘要
股权集中度与企业经营绩效的关系是管理学界持续关注的领域之一,已有实证研究表明这种关系与行业因素有关,因此,有必要进行更多的分行业小样本研究,以规避行业差异对研究结果的影响。本文利用2017-2019年服饰家纺类主板上市公司数据,通过主成分分析方法构建经营绩效综合指标,实证检验股权集中度与公司经营绩效之间的关系,发现以赫芬达尔指数与前五大股东持股比例之和测量的股权集中度与公司经营绩效之间呈现显著的正向线性相关关系。本文充实了该领域的具体行业研究成果,为后续研究提供参考,也为服饰家纺类企业提升绩效提供一定的启发。
The relationship between equity concentration and business performance is one of the areas that the academic community continues to pay attention to.Existing empirical studies have shown that this relationship is related to industry factors,so it is necessary to conduct more small sample studies by industry to avoid the influence of industry differences on the research results.This article uses 2017-2019 apparel home textiles listed company data to construct business performance indicators through principal component analysis,and empirically examines the relationship between equity concentration and company performance.There is a significant positive linear correlation between equity concentration and the company's operating performance.This article enriches the research achievements of specific industries in this field and provides more references for subsequent research.
作者
石锦
龙子午
SHI Jin;LONG Zi-wu(School of Economics and Management,Wuhan Polytechnic University,Wuhan 430023,China)
出处
《武汉轻工大学学报》
2020年第4期88-93,共6页
Journal of Wuhan Polytechnic University
基金
武汉市软科学计划重点项目(2016040306010172)。
关键词
股权集中度
企业经营绩效
服饰家纺
equity concentration
business performance
apparel and home textiles
