Research Article
Analysis of Equity Structure and Operating Performance of Electric Power Enterprises --Empirical Study on A-share and H-share Listed Companies
@INPROCEEDINGS{10.4108/eai.6-9-2024.2353629, author={Xupeng Wang and Liang Liu}, title={Analysis of Equity Structure and Operating Performance of Electric Power Enterprises --Empirical Study on A-share and H-share Listed Companies}, proceedings={Proceedings of the 3rd International Conference on Public Management, Digital Economy and Internet Technology, ICPDI 2024, September 6--8, 2024, Jinan, China}, publisher={EAI}, proceedings_a={ICPDI}, year={2024}, month={12}, keywords={equity structure; state-owned enterprise; operating performance}, doi={10.4108/eai.6-9-2024.2353629} }- Xupeng Wang
Liang Liu
Year: 2024
Analysis of Equity Structure and Operating Performance of Electric Power Enterprises --Empirical Study on A-share and H-share Listed Companies
ICPDI
EAI
DOI: 10.4108/eai.6-9-2024.2353629
Abstract
The research is based on 476 listed power companies in A-shares and H-shares from 2009 to 2023, and empirically examines the impact of equity structure and business performance analysis. The research results indicate that increasing the concentration of equity in enterprises is beneficial for improving the operational performance of power enterprises, but it varies for different types of enterprises. The increase in equity concentration in state-owned power enterprises has a greater promoting effect on operational performance, while the balance of equity in non-state-owned enterprises has a greater promoting effect on operational performance. Based on the research results, this article proposes targeted equity structure adjustment suggestions for different types of power enterprises, including state-owned and non-state-owned ones, with the goal of improving their operational performance through service enhancement.
