The Empirical Analysis of State-Owned Enterprises Performance and Ownership Structure: Based on the Panel Data of State-Owned Enterprises in Sichuan

In this paper, we used Super-efficient DEA methodology and panel data analysis methods to analysis of the relationship between the performance of state-owned enterprises of Sichan and its shareholding structure. The results showed that: there is no significant correlation between the ownership concentration and corporate performance; there exists significant negative correlation between the proportion of state-owned shares and corporate performance; there is no significant correlation between the proportion of corporate shares and corporate performance. Thus, that moderate control the proportion of state-owned shares will be benefit to the state-owned enterprises of Sichuan.