An Empirical Study of Governance Structure and GEM Listed Companies Value

摘要：

This paper studies the influence of several variables of governance structure characteristics on corporate value of the 134 high technology-based SMES which have listed on GEM in China. We have constructed multivariate linear regression model and multiple linear regression analysis by using the SPSS 18.0 statistical software. The results indicate that equilibrium degree of equity,executive compensation, the investment of human resources and monetary capital are positively correlated with company value (0.01 significant level); the ownership concentration and company size are negatively correlated with company value (0.05 significant level).

关键词： GEM Listed Companies Governance Structure Corporate Value Empirical Research

作者: LIANG Hanbing WANG Mingdi

作者单位: School of Economics and Management, Yanshan University, Qinhuangdao, China, 066004

会议类型: 国际会议

会议名称: The Sixth International Symposium on Corporate Governance(第六届公司治理国际研讨会)

会议地点: 大连

会议语种:英文

页码: 25-32

在线出版日期: 2011-08-20（万方平台首次上网日期，不代表论文的发表时间）