Research on the Impact of Vanke’s Shareholding Structure on Investment Efficiency

DOI

10.2991/978-94-6463-702-1_64How to use a DOI?

Keywords

Degree of equity checks and balances; Relative control of the largest shareholder; Inefficient investment

Abstract

In recent years, with the rapid development of China’s economy, the investment behavior of China’s listed companies has developed in the direction of qualitative change, and the investment behavior of high efficiency and high quality has been pursued. Equity structure is also the key factor affecting the investment efficiency of enterprises, so how to ensure that enterprises carry out efficient investment behavior, and how the company’s equity structure affects inefficient investment has become a very concerned issue for listed companies in China. Based on Vanke’s data from 2017 to 2023, this paper analyzes the relationship between the shareholding structure and the relative control of the largest shareholder and non-efficient investment from the perspectives of the degree of equity checks and balances and the relative control of the largest shareholder. Finally, it is concluded that Vanke should further optimize the shareholding structure, avoid the emergence of a dominant situation, and implement the supervision of the controlling shareholder.

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.

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TY  - CONF
AU  - Yuxin Jiang
PY  - 2025
DA  - 2025/05/05
TI  - Research on the Impact of Vanke’s Shareholding Structure on Investment Efficiency
BT  - Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)
PB  - Atlantis Press
SP  - 607
EP  - 614
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-702-1_64
DO  - 10.2991/978-94-6463-702-1_64
ID  - Jiang2025
ER  -