The Study of the Relation between Corporate Governance and Corporate Performance:An Empirical Study on Shanghai Stock Exchange / 公司治理與經營績效關聯性之研究-以中國大陸上海證券交易所A股為實證

碩士 / 東吳大學 / 企業管理學系 / 92 / The study mainly investigates the relation between corporate governance and corporate performance of Shanghai Stock Exchange A share listed firms. Corporate variables are distinguished into three sections :shareholding structure, board structure,and independent director. Corporate performance are measured by accounting indicator(EPS)and financial indicator(Tobin’ s q)The time frame of samples is from 2000 to 2002.The quantity of samples is 1322 firms. The statistical methods used are descriptive statistics,regression, T test and F test. There are 7 hypothesis in this paper.The empirical results are as below.
1.In terms of shareholding structure
(a)The empirical result shows that the proportion of shares held by state is negatively related to corporate performance.
(b)The empirical result shows that the proportion of shares held by legal persons is positively related to corporate performance.
(c)The empirical result shows that the proportion of tradable A-shares is negatively related to corporate performance.
2. In terms of board structure
(a)The empirical result shows that the proportion of shares held by directors is positively related to corporate performance.
(b)The empirical result shows that CEO duality is positively related to orporate performance.
(c)Stepwise regression shows that the effects of the proportion of shares held by directors and CEO duality on corporate performance are most significant.
3. In terms of independent director
(a)The empirical result shows that the proportion of independent director is negatively related to corporate performance.
(b)The empirical result shows that corporate performance is not better after setting up independent director than before.

Identiferoai:union.ndltd.org:TW/092SCU00121055
Date January 2004
CreatorsHSU I-CHING, 徐一謹
ContributorsCorporate Governance, 吳美倫
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format46

Page generated in 0.0352 seconds