创业板上市公司治理结构与公司绩效研究

发布时间：2018-03-05 01:24

本文选题：创业板　切入点：公司治理结构　出处：《浙江大学》2013年硕士论文　论文类型：学位论文

【摘要】：许多学者对公司治理都进行过分析和研究,而引起公众热议的则是创业板上市公司的绩效受治理结构的影响。本文对公司绩效受治理结构各种因素的影响进行了分析,同时对创业板、民营企业等上市公司的相关研究成果进行了系统回顾,从实证研究的角度提出了未来中国创业板上市公司内部治理的建议。通过实证发现,从创业板上市公司的股权结构上来看,其股权制衡度与公司绩效呈正相关性关系；其管理绩效与公司机构所占有的比例明显呈正比；在融资结构方面,创业板上市公司资产负债率与公司绩效呈正比；在董事会治理结构方面,创业板上市公司信息披露分数与公司绩效呈显著正相关性关系；创业板上市公司独立董事比例与公司绩效呈负相关性关系：在管理阶层方面,一般公司内部前3名管理人员薪酬与公司绩效呈显著正相关性关系。本文结论有助于创业板上市企业完善治理结构,提高公司绩效。
[Abstract]:Many scholars have carried on the analysis and the research to the corporate governance, but what causes the public hot discussion is that the performance of the gem listed companies is affected by the governance structure. This article has carried on the analysis to the corporate performance by the various factors of the governance structure. At the same time, the related research results of gem, private enterprises and other listed companies are reviewed systematically, and the suggestions of internal governance of listed companies in the future are put forward from the perspective of empirical research. From the perspective of the equity structure of gem listed companies, there is a positive correlation between equity checks and balances and corporate performance; management performance is obviously proportional to the proportion of corporate institutions; in the aspect of financing structure, there is a positive correlation between equity balance and corporate performance. In the governance structure of board of directors, there is a significant positive correlation between the information disclosure score of listed companies and corporate performance. There is a negative correlation between the proportion of independent directors and corporate performance in gem listed companies. In the aspect of management, the compensation of the top three managers in general companies has a significant positive correlation with corporate performance. The conclusion of this paper is helpful to improve the governance structure and corporate performance of gem listed enterprises.
【学位授予单位】：浙江大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F272.92;F832.51

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