Using regression model to analyze the impact of mixed ownership type on corporate performance
During the mixed-ownership reform,the non-state capitals are introduced into the state-owned en-terprises to diversify the equity structure and improve the economic efficiency of enterprises.Under different forms of ownership,the equity structure,which forms a balance under different forms of ownership,has po-tential impact on the performance of enterprises besides the controlling shareholders.In this paper,to study the degree of influence of equity balance and equity concentration on the corporate performance,we divide the controlling shareholders and equity balance forms into three mixed types and take the panel data of listed com-panies from 2006 to 2017 as an example.Then we classify and analyze the data by using a regression model.It is shown that,among the three mixed types,the equity balance of mixed type II is significantly positively cor-related with the corporate performance at a 1%confidence level and has the largest regression coefficient,which indicates that the establishment of mixed equity structure with state-owned shareholders holding con-trolling interests and introducing non-state shareholders with large blocks of shares and active shareholders can achieve better corporate performance.
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