Analysis Of Firm Efficiency And Performance In The Chinese Finance Industry From Ownership Perspective

Research output: Contribution to journalArticle

Abstract

Nowadays the finance industry plays vital roles in supporting China's economic growth. This study examines impacts of ownership concentration and various ownership categories on the performance of the 28 listed financial institutions in China, between 1999 and 2009. Our results indicate that ownership concentration, legal person and foreign ownership do not improve financial institutions' performance while state ownership has negative impacts. However, these results are moderated by firm size. State and legal person ownerships have positive impacts on large financial institutions' performance because of their great public scrutiny and political pressure.
Original languageEnglish
Pages (from-to)140-149
JournalCorporate Ownership & Control
Volume8
Issue number4
Publication statusPublished - 2011

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Firm performance
Industry
Financial institutions
Ownership
Finance
Firm efficiency
Ownership concentration
China
Economic growth
Impact studies
Firm size
State ownership
Foreign ownership

Cite this

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title = "Analysis Of Firm Efficiency And Performance In The Chinese Finance Industry From Ownership Perspective",
abstract = "Nowadays the finance industry plays vital roles in supporting China's economic growth. This study examines impacts of ownership concentration and various ownership categories on the performance of the 28 listed financial institutions in China, between 1999 and 2009. Our results indicate that ownership concentration, legal person and foreign ownership do not improve financial institutions' performance while state ownership has negative impacts. However, these results are moderated by firm size. State and legal person ownerships have positive impacts on large financial institutions' performance because of their great public scrutiny and political pressure.",
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journal = "Corporate Ownership & Control",
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}

Analysis Of Firm Efficiency And Performance In The Chinese Finance Industry From Ownership Perspective. / Shan, George; Xu, L.

In: Corporate Ownership & Control, Vol. 8, No. 4, 2011, p. 140-149.

Research output: Contribution to journalArticle

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AB - Nowadays the finance industry plays vital roles in supporting China's economic growth. This study examines impacts of ownership concentration and various ownership categories on the performance of the 28 listed financial institutions in China, between 1999 and 2009. Our results indicate that ownership concentration, legal person and foreign ownership do not improve financial institutions' performance while state ownership has negative impacts. However, these results are moderated by firm size. State and legal person ownerships have positive impacts on large financial institutions' performance because of their great public scrutiny and political pressure.

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