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本文以我国上市公司为样本,采取典型相关分析的方法对我国上市公司股权结构与股权代理成本之间的关系进行了理论分析和实证检验。研究表明,提高股权集中度、股权制衡度、管理层持股比例,降低国有股比例并增加债务融资比例有助于降低上市公司股权代理成本,提高上市公司财务治理效率。
This paper takes the listed companies in our country as a sample and takes a canonical correlation analysis method to make a theoretical analysis and empirical test on the relationship between the shareholding structure and the agency costs of listed companies in our country. The research shows that raising the ownership concentration, equity balance, management shareholding ratio, reducing the proportion of state-owned shares and increasing the proportion of debt financing help to lower the equity agency costs of listed companies and improve the efficiency of financial management of listed companies.