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ID:27155305
大小:1.49 MB
页数:42页
时间:2018-12-01
《上市公司内部治理对公司绩效影响的实证分析——基于节能环保上市公司的经验数据》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、-------RESEARCHONTHERELATIONSHIPBETWEEN INTERNALGOVERNANCEANDCORPORATE PERFORMANCE——BASEDONEMPIRICALEVIDENCEFROMENERGYCONSERVATIONANDENVIRANMENTALPROTECTIONLISTEDCOMPANIESINCHINAABSTRACTThestatecouncilreleasedtheopinionsaboutacceleratethedevelopmentofenergysavingandenvironmentalprotectionind
2、ustryinAugust2013andputforwardthatenergyconservationandenvironmentalprotectionindustrywillbecomeanewpillarindustryofnationaleconomyinourcountryin2015.Agroupoflargeenergyconservationandenvironmentalprotectionenterprisegroupwillbeformed.Toimprovetheperformanceandexpandthesizeoftheenergyconserv
3、ationandenvironmentalprotectioncompaniesarenecessary.Atthesametime,theinternalgovernanceofthecompanyplayanirreplaceableroleinimprovingcorporateperformance,sothispaperstudiestheeffectoftheinternalgovernanceoftheenergyconservationandenvironmentalprotectioncompaniesoncorporateperformance.Thispa
4、perstudiestheeffectoftheinternalgovernanceoftheenergyconservationandenvironmentalprotectionlistedcompaniesoncorporateperformancecomprehensively.Firstly,thepapercombstheexistingdomesticandforeignresearchliteratureabouttheimpactofinternalgovernanceoncompanyperformanceandsummariesthemaintheoryo
5、fcorporategovernance.Secondly,thepaperanalyzesthepresentsituationofenergyconservationandenvironmentalprotectionlistedcompaniesinourcountry.Inordertoresearchtheeffectoftheenergyconservationandenvironmentalprotectioncompaniesoncorporateperformance,theindexsystemandmodelissetup.Theresearchdraws
6、thefollowingconclusionmainly:Thefirstbigshareholdershareholdingratioandcorporateperformancearepositivecorrelation,thetop10shareholdersownershipratioand-----------corporateperformanceareinvertedu-shaperelationship,theproportionofstate-ownedsharesandtradablesharesandcorporateperformancearenega
7、tivelyrelated,scaleofindependentdirectorsandthejoiningtogetheroftwopostarebothnegativecorrelationwithcorporateperformance,executivecompensationandexecutiveownershiparesignificantlypositivecorrelationwithcorporateperformance.Finally,combiningwiththe
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