Changes in the ratio of state-owned shares and private investors the choice of（改变国有股的比例和私人投资者的选择）.docVIP

Changes in the ratio of state-owned shares and private investors the choice of Write papers network: Abstract: The article on the Shanghai Stock Exchange listed companies continuously analyze financial data panel, found that non-state-owned shares and legal person shares ratio can rate the overall efficiency of capital, Tobin’s q proxy variables have a positive impact, But the legal person shares for more than 50% of the dummy variable is negative the article that is private between the different shareholders and the investment of state-owned shareholders of the target led to severe conflicts