Empirical Analysis on Optimizing Mixed Reform Ratio of Port and Shipping Companies in China ()
ABSTRACT
This paper takes China’s port and shipping companies
as an example to analyze the factors related to the proportion of mixed-change
in the port industry, and whether it undertakes the social affairs is related
to the equity ratio. By the empirical analysis, the non-state-owned shares of
shipping companies are higher and the equity is more dispersed. For the more
profitable port companies, they have lower intention for mixed reform. However,
if the benefits of state-owned companies are too bad, private companies will
not be interested. Only when the benefits of state-owned companies are within a
certain range, for state-owned companies and private companies are both more willing
to carry out mixed reform. The better the social benefits of the company, the
better it will be to optimize the trend of the company’s shareholding structure
toward the non-state-owned shares.
Share and Cite:
Liao, B. (2020) Empirical Analysis on Optimizing Mixed Reform Ratio of Port and Shipping Companies in China.
Modern Economy,
11, 848-856. doi:
10.4236/me.2020.114063.
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