摘要
本文选取51家正常经营的传媒类上市公司2016—2019年三个会计年度的相关数据,采取数理统计方法研究中国传媒上市公司股权集中度与公司绩效之间的关系,得到以下几个主要结论:第一大股东持股比例与中国传媒上市公司绩效之间呈线性负相关关系,前十大股东持股比例与公司绩效之间呈现先降后升的"U"型曲线关系,流通股东数与公司绩效之间呈线性负相关关系,第一大股东与第二股东持股比例比值与公司绩效呈负相关关系。总体来说,传媒上市公司的股权集中度保持在一定范围内更加有利于公司经营。其中广播电视等传统媒体上市公司的股权集中度提高将更有利于其经营绩效的提升,而对于移动端媒体、视频娱乐等新媒体类型上市公司的股权集中度适度降低,将更有利于其经营绩效的提升。
This paper chooses the relevant data of 51 normally operated listed media companies from 2016 to 2019 to study the relationship between equity concentration and corporate performance of Chinese Listed Media Companies by means of mathematical statistics.It draws the following main conclusions:there is a negative linear correlation between the proportion of shares of the largest shareholder and the performance of Chinese Listed Media companies.There is a U-shaped curve relationship between the proportion of shares of top ten shareholders and corporate performance.There is a negatively linear correlation between the number of circulating shareholders and corporate performance.The ratio of the first largest shareholder to the second shareholder has a negative correlation with corporate performance.Generally speaking,the equity concentration of media listed companies is more conducive to the operation of enterprises when within a certain range.For traditional listed media companies such as radio and television,higher equity concentration is more conducive for the improvement of corporate performance,while for new listed media companies such as mobile media,video entertainment,reduction of equity concentration would be conducive for the improvement of corporate performance.
作者
向志强
汪子皓
Xiang Zhiqiang;Wang Zihao
出处
《文化产业研究》
2019年第4期174-189,共16页
Cultural Industry Research
