An Empirical Study on the Governance Structure and Performance of Chinese Listed Public Utility Companies
In this paper, by using data from 46 public utility companies from 2002 to 2005, we conduct an empirical study on the governance structure and performance of companies Results show that all variables related to corporate governance and supervising ability of board of directors are significantly correlated to comprehensive performance P, and most of time positively; all variables related to the control power of majority shareholder and state-owned stocks are significantly correlated with growth rate of net assets, RGE. However, with ownership concentration indicator ROE an exception.
coporate governance structure ownership structure performance public utility
Zheng Lei Cheng Xiejun
School of International Trade and Economics Shandong University of Finance,Jinan, China Department of Economics Jiangsu Institute of Education Nanjing, China
国际会议
太原
英文
582-585
2010-10-22（万方平台首次上网日期，不代表论文的发表时间）