首页> 外文会议>IEEE joint international computer science and information technology conference >Ownership Structure and Growth of Listed SMEs Evidence from Panel Date of SMEs Board in China
【24h】

Ownership Structure and Growth of Listed SMEs Evidence from Panel Date of SMEs Board in China

机译:来自中国中小企业委员会小组日的上市中小企业证据的所有权结构和增长

获取原文

摘要

With the growth measured by the market-to-book assets ratio, this paper investigates the impact that ownership structure has on growth of small and medium-sized enterprises (SMEs) in a sample of listed firms on SMEs Board in China during the period 20042009. The results show that ownership concentration has positive influence on growth of listed SMEs in which higher level of control leaves less room for managerial discretion, decreases agency costs between managers and shareholders and gives a better firm growth. A negative relationship lies between marketto-book assets ratio and managerial ownership of listed SMEs due to the managerial entrenchment.
机译:随着市场对账面资产率衡量的增长,本文调查了20042009期间中小企业委员会上市公司的上市公司样本中的所有权结构对中小企业(中小企业)增长的影响。结果表明,所有权集中都对上市中小企业增长产生了积极的影响,其中更高水平的控制较少的管理层自行决定,减少了管理人员和股东之间的代理成本,并提供了更好的成长。由于管理壕沟,在市场中小企业的市场账簿资产比率和管理所有权之间存在负面关系。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号