上市公司财务治理对绩效影响的实证研究

发布时间：2018-01-07 12:23

本文关键词：上市公司财务治理对绩效影响的实证研究　出处：《东北林业大学》2012年硕士论文　论文类型：学位论文

【摘要】：自20世纪末,证券市场正式建立以来,我国市场经济不断发展,证券市场制度和相关法律法规日趋完善。但是,取得成就的同时,很多问题也随之凸现出来,其中上市公司治理问题十分突出。由上市公司治理缺陷而引发的“内部人控制”、财务舞弊、侵占资产等问题也接踵而至,上市公司治理问题已经成为我国证券市场健康发展的一大障碍,正是在这样的背景下,财务治理理论应运而生。财务治理理论,是我国学者首先提出的创新型理论,其核心是财权在不同利益相关者之间的合理配置。财务治理就是通过这种配置来调整利益相关者在财务体制中的地位,从而提高公司治理效率的一系列动态制度安排。财务治理理论的产生和发展以及在上市公司实践中的广泛应用,为解决我国上市公司治理中的特殊问题确立了重点,也为上市公司从财务治理入手提高企业绩效指明了新的方向。论文首先回顾了国内外关于财务治理的研究现状,并以规范研究为起点,着重介绍了财务治理理论研究的基本内容,在分析已有研究成果的基础上,对财务治理的内涵、财务治理的主体、客体以及目标进行了界定,同时,深入剖析了财务治理理论产生与发展的理论基础。在此基础上,结合我国上市公司财务治理的实践,介绍上市公司在财务治理方面取得成效的同时,重点分析了上市公司财务治理存在的突出问题。为了更加深入的揭示问题产生的原因,进一步就财务治理对绩效影响进行实证研究。实证研究以上市公司相关数据为对象,主要运用相关分析和回归分析的方法,遵循实证研究的基本思路,建立模型并对模型进行检验,最后,在分析实证研究的结果的基础上,提出改善财务治理,提高公司绩效的对策建议。
[Abstract]:Since the end of twentieth Century, since the establishment of the securities market, the development of market economy, the system of securities market and relevant laws and regulations are maturing. But the achievement at the same time, many problems have also emerged, the governance of listed companies is very prominent. The city on the defects of corporate governance caused by the "insider control". Financial fraud, embezzlement and other problems ensued, governance problems of listed companies has become a major obstacle to the healthy development of China's securities market, it is in this context, as financial governance theory. The theory of financial governance is the innovative theory of Chinese scholars first put forward, its core is the rational allocation of property rights among different stakeholders. Financial governance is to adjust the status of the stakeholders in the financial system through this configuration, so as to improve the efficiency of corporate governance is a series of dynamic State system arrangement. The emergence and development of financial governance theory and its extensive application in the practice of listed companies have set the focus for solving the special problems in the governance of Listed Companies in China, and also pointed out a new direction for listed companies to start with financial governance and improve corporate performance.
This paper firstly reviews the research status of financial governance, and to standardize the study as the starting point, emphatically introduces the basic content of the theoretical research of financial governance, based on the analysis on the existing research achievements, the connotation of financial governance, financial governance subject, object and target were defined, at the same time, in-depth analysis the theoretical basis and the development of financial management theory. On this basis, combined with the practice of financial governance of listed companies, the listed companies have achieved good effect in the financial governance at the same time, analyzes the problems of listed company financial governance. In order to reveal the causes of the problem more deeply the further financial governance of the performance impact of empirical research. The relevant data through empirical research on the listed company as the object, mainly using the methods of correlation analysis and regression analysis, followed by empirical research The basic idea is to set up a model and test the model. Finally, on the basis of analyzing the results of empirical research, we put forward countermeasures and suggestions to improve financial governance and improve company performance.

【学位授予单位】：东北林业大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.51;F224

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