Research on Improvement of GEM Listed Companies’ Performance

DOI

10.2991/icassr.2013.77How to use a DOI?

Keywords

GEM Ownership Concentration Sustainable Growth

Abstract

This paper makes an empirical analysis on the two important factors -- ownership concentration and sustainable growth rate --that influence company performance based on the samples of 2010-2011 GEM ( Growth Enterprise Market ) listed companies. The results show that, in terms of the GEM, there is positive correlation relationship between the company performance and ownership concentration, that is, the more concentrated ownership the better performance. The conclusion verifies the hypothesis of "Regulatory Theory" that centralized big shareholders can effectively supervise and control manager and reduce the agency problem. Company growth represents the company's future performance. From the strategic point of view, sustainable growth should be the goal of firms. The empirical results confirm that the sustainable growth rate is positively related to the performance. The GEM companies should pay attention to the enterprise's long-term development under the premise of controlling the size.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ying Xia
PY  - 2013/08
DA  - 2013/08
TI  - Research on Improvement of GEM Listed Companies’ Performance
BT  - Proceedings of the 2013 International Conference on Applied Social Science Research (ICASSR-2013)
PB  - Atlantis Press
SP  - 304
EP  - 306
SN  - 1951-6851
UR  - https://doi.org/10.2991/icassr.2013.77
DO  - 10.2991/icassr.2013.77
ID  - Xia2013/08
ER  -