医药制造业上市公司股权结构与盈利能力毕业论文.doc

本 科 毕 业 论 文 题 目 医药制造业上市公司股权结构与盈利能力 学 院 专 业 财 务 管 理 班 级 学 号 学生姓名 指导教师  摘 要 上市公司股权结构与盈利能力的关系是近几年来研究的热点问题之一，之所以引起大家的关注是因为股权结构作为公司治理结构的重要组成部分和基础，其设置状况对公司的运作效率具有决定性的作用。一个合理的公司治理结构需要一个合理的股权结构作为支撑。随着股权分置改革的深入,社会大背景的变化，对股权分置改革之后的股权结构与盈利能力的研究就显得非常有意义。本文以医药制造业40家上市公司为研究样本，从股权结构的股权集中程度，国有股、法人股、非国家股的持股比例的角度出发，对医药制造业上市公司股权结构与盈利能力的关系进行了实证分析。实证分析结果表明：股权集中度与公司盈利能力呈正相关；国有股比例与公司盈利能力呈正相关；法人股比例与公司盈利能力呈正相关；非国家股比例与公司盈利能力无显著相关关系。 关键词：Abstract Ownership Structure and the profitability of the relationship is one of hot research in recent years, our concern was aroused because the ownership structure of corporate governance as an important part of the structure and foundation, and set conditions on the companys operational efficiency has decisive role. A reasonable corporate governance structure, need a reasonable share structure as support. With the split share structure reform, the social background’s change, after the split share structure reform of ownership structure and profitability of the study it is very meaningful. In this paper, 40 listed companies Pharmaceutical Industry for the research sample, from the concentration of equity ownership structure, state-owned shares, legal person shares, the proportion of non-state ownership shares the perspective of the pharmaceutical industry ownership structure of listed companies and the relationship between profitability and the empirical analysis. The empirical results show that: ownership concentration and corporate profitability was positively correlated; state-owned share proportion and firm profitability was a positive correlation; legal person share proportion and firm profitability was a positive correlation; non-state share proportion and fi