Abstract
The relationship between Listed tourism companies’ equity structure and performance is analyzed in this paper. Select return on equity and main business profit during 2007–2015 as the index of performance. The equity structure is measured by the ratio of state-owned shares, the proportion of tradable shares, the share ratio of the largest shareholder and the proportion of the top ten shareholders. Results indicate that the ratio of state-owned shares, the proportion of tradable shares and the performance. Are not in a significant positive correlation; there was a significant negative correlation between the share ratio of the largest shareholder and performance; the proportion of the top ten shareholders is negative to performance. Finally, development proposals are proposed.
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Lin, Zg., Zhao, Lm. (2019). An Empirical Analysis of Equity Structure and Performance of Listed Tourism Companies in China. In: Huang, G., Chien, CF., Dou, R. (eds) Proceeding of the 24th International Conference on Industrial Engineering and Engineering Management 2018. Springer, Singapore. https://doi.org/10.1007/978-981-13-3402-3_33
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DOI: https://doi.org/10.1007/978-981-13-3402-3_33
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