Ownership Structure,Corporate Performance and Ownership Reform:an Empirical Research on Chinese Listed Companies of IT Industry

Based on principal factor analysis,this paper constructs an integrated performance variable,and analyzes the relationship between ownership structure and corporate performance of Chinese listed companies of IT industry.The results show that corporate performance isn't significantly related to ownership structure.Although ownership reform can reduce monitoring effects,protect the interest of ordinary and minor shareholders,and maintain the fairness and sustainable development of capital market,the essential approach to improve corporate performance is to enhance the core competitiveness of companies and fully exert the acquisition function of the market of control right.