The Empirical Research on Corporate Governance and Corporate Performance in Chinese Listed Company

Our study examines whether corporate governance practice have an effect on corporate performance. We identify a comprehensive set of governance mechanisms for China's listed companies and construct relevant measures for each of them. Factor analysis is introduced to construct an all-rounded per...

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Bibliographic Details
Main Authors: Long Dong, Yan Wen-jia
Format: Conference Proceeding
Language:English
Subjects:
Board of Directors
China
Conference management
Corporate Performance
Educational institutions
Engineering management
Financial management
Governance mechanism
Loans and mortgages
Management training
Performance analysis
Protection
Standards organizations
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Summary:Our study examines whether corporate governance practice have an effect on corporate performance. We identify a comprehensive set of governance mechanisms for China's listed companies and construct relevant measures for each of them. Factor analysis is introduced to construct an all-rounded performance variable. The results indicate that the ownership and the board structure, executive compensation is the most important factors in influencing corporate governance. Moreover, our findings have implications for the design of appropriate corporate governance systems for listed firms.
DOI:10.1109/ICIFE.2009.13