Notice of RetractionAn empirical study of concentrated ownership structure and corporate performance of family companies in China

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

This paper investigates the effects of concentrated ownership on corporate performance and illustrate the importance of optimizing equity structure and real significance of family-listed firms. We examine the interrelationship between concentrated ownership and corporate performance by selecting shareholding ratio of the largest and the top ten controlling shareholders and the largest and second largest controlling shareholders. Otherwise, we use multivariate regression analysis method as well as company size, growth rate, financial leverage, etc, to reveal the facts. The empirical results show that the largest shareholder equity ratio and the ownership concentration display U-relations. The first and second largest controlling shareholders´ involving in the management has a negative effect on ownership concentration.