%0 Journal Article
%T Empirical Analyses on State-owned Stockholder's Rights and the Performance of China¡¯s Natural Monopoly Industry
%A Yanfen Qu
%J International Journal of Business and Management
%D 2009
%I 
%X The paper analyses the states quo of the China¡¯s natural monopoly industry property right and selects 64 companies in electric power, the coal gas and the water production and supply industry as the sample, to analyze the state-owned stock proportion to the achievements expressed by net assets returns ratio influence. Such conclusions can be drown: First, the state-owned stock proportion and the company achievement present the non-linear correlation dependence; Second, controlling shareholder's state-owned property right nature and performance present remarkable inverse correlation, the relation of state-owned stock proportion and net assets returns ratio present inverse "U" shape. Therefore, in the present stage, the state-owned stock proportion in natural monopoly industry should be reduced. But it is not suitable to withdraw or to privatization completely, that is to say, the state-owned capital should still maintain the controlling force.
%U http://ccsenet.org/journal/index.php/ijbm/article/view/2904