文献类型：期刊文献

英文题名：An empirical research on the relevance of ownership structure and financial distress in listed corporations

作者：Zhang, Peili[1]; Gan, Shengdao[2]

机构：[1] Business School, East China University of Science and Technology, Sichuan University, Shanghai, China; [2] Business School, Sichuan University, Chengdu, China

年份：2011

起止页码：3850

外文期刊名：2011 International Conference on Computer Science and Service System, CSSS 2011 - Proceedings

收录：EI(收录号：20113614304148)

语种：英文

摘要：This paper does the empirical research on the relevance of ownership structure and financial distress in listed companies based on the data of ST corporations because of abnormal financial positions in year 2005-2009 and the paired corporations. The ownership structure is described by the nature of controlling shareholder, ownership centralization, ownership balancing and managements' holding percentage. The result shows that the possibility of financial distress is significantly lower in stated-owned firms than in private firms, while other factors of ownership structure don't have significant impact on financial distress occurrence. It also suggests that the model based on financial ratios and ownership structure variables can predict a corporation's financial distress very well. ? 2011 IEEE.