Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)

<Previous Article In Volume
Next Article In Volume>

Heterogeneous Effects of Ownership Structure on Financial Performance Across Industries in China’s A-Share Market

Authors
Yifei Yao1, *
1School of Science and Engineering, The Chinese University of Hong Kong, Shenzhen, Guangdong, China
*Corresponding author. Email: 122090665@link.cuhk.edu.cn
Corresponding Author
Yifei Yao
Available Online 3 November 2025.
DOI
10.2991/978-94-6463-874-5_24How to use a DOI?
Keywords
Ownership Structure; Financial Performance; Industry Heterogeneity
Abstract

As the market continues to evolve, understanding the relationship between ownership patterns and firm performance becomes crucial for investors, regulators, and corporate managers alike. Against this backdrop, the study aims to examine how ownership structure affects financial performance, particularly through valuation metrics such as return on total assets and return on equity, across three key industries in China’s A-share market which are Pharmaceuticals (C27), Metals (C31), and Information Technology (I65). Utilizing the corresponding data of ownership concentration and ownership balance from CSMAR database from 2014 to 2024 and the panel regression models, the study figures out that the ownership structure variables show significant and positive effects on financial outcomes in traditional sectors like steel. While in knowledge-intensive sectors such as software and pharmaceuticals, the effects are more heterogeneous. The research findings underscore the importance of industry-specific ownership strategies in enhancing corporate governance literature, offering practical guidance for formulating policies and making informed stock investment decisions.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
3 November 2025
ISBN
978-94-6463-874-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-874-5_24How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yifei Yao
PY  - 2025
DA  - 2025/11/03
TI  - Heterogeneous Effects of Ownership Structure on Financial Performance Across Industries in China’s A-Share Market
BT  - Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)
PB  - Atlantis Press
SP  - 189
EP  - 196
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-874-5_24
DO  - 10.2991/978-94-6463-874-5_24
ID  - Yao2025
ER  -