An Empirical Study on the Relationship between Equity Ownership Structure of Chinese Fund Management Company and Fund Performance

In order to analysis the relationships between equity ownership structure of Chinese fund management company and fund performance, this paper takes 121 open-end funds from 50 fund management companies in china for the period of 2008-2009 as a sample and applies a regression experimental analysis models. We find that equity ownership by the first major stockholder in fund management companies has a significantly positive effect on fund performance. It is also found that equity ownership by securities companies has a significantly positive effect on fund performance. There are some differences between the conclusions in this article and other related literatures' conclusions.