An Empirical Analysis of Equity Structure and Performance of Listed Tourism Companies in China

  • Zan-gen LinEmail author
  • Li-ming Zhao
Conference paper


The relationship between Listed tourism companies’ equity structure and performance is analyzed in this paper. Select return on equity and main business profit during 2007–2015 as the index of performance. The equity structure is measured by the ratio of state-owned shares, the proportion of tradable shares, the share ratio of the largest shareholder and the proportion of the top ten shareholders. Results indicate that the ratio of state-owned shares, the proportion of tradable shares and the performance. Are not in a significant positive correlation; there was a significant negative correlation between the share ratio of the largest shareholder and performance; the proportion of the top ten shareholders is negative to performance. Finally, development proposals are proposed.


Tourism listed companies in China Equity structure Performance Empirical research 


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© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.College of Management and EconomicsTianjin UniversityTianjinChina

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