论文标题
所有权结构变化和企业效率
Ownership Structure Variation and Firm Efficiency
论文作者
论文摘要
具有不同所有权结构不同的公司可能会被认为具有不同的效率。预计高度集中的公司将更有效，因为这种类型的所有权结构可能会减轻经理和股东之间的利益冲突。在马来西亚，在马来西亚，公共上市的公司已经建立了这些证据，这些证据是否具有高度集中的所有权。 structure and firm's efficiency across sectors.To achieve this objective, the frequency distributions of ownership structure were calculated and firms efficiency scores for consumer products, industrial products, construction and trading/services sectors were measured.Data Envelopment Analysis(DEA) under the assumptions of constant returns to scale(CRS) and variable returns to scale(VRS) was employed to estimate firms efficiency scores.A sample of 156 firms listed on the使用分层随机抽样方法选择Kuala Lumpur证券交易所（KLSE）。研究结果表明，企业所有权结构和效率之间存在差异。
Firms with different ownership structures could be argued to have different levels of efficiency.Highly concentrated firms are expected to be more efficient as this type of ownership structure may alleviate the conflict of interest between managers and shareholders.In Malaysia, public-listed firms have been found to have highly concentrated ownership structure.However, whether this evidence holds for every industry has not been established.Hence, the objective of this paper is to investigate whether there are variations in ownership structure and firm's efficiency across sectors.To achieve this objective, the frequency distributions of ownership structure were calculated and firms efficiency scores for consumer products, industrial products, construction and trading/services sectors were measured.Data Envelopment Analysis(DEA) under the assumptions of constant returns to scale(CRS) and variable returns to scale(VRS) was employed to estimate firms efficiency scores.A sample of 156 firms listed on the Kuala Lumpur Stock Exchange(KLSE) was selected using the stratified random sampling method. The findings have shown that there are variations in firm ownership structure and efficiency across sectors.
