Mainly through to real example analyses all of listed companies that issue A and B-shares during 1992-2003 year in the Shanghai and Shenzhen of China, this article studies the relevant relations that exist between the company governs structure and the management achievements. The article thought the company govern object and the core content are the company interior main commission agent relation and corresponding solution. Therefore, the govern structure research choice stockholder's rights structure, the internal control, the outside takes over control and organization investor these four aspects, company achievements resolve into two targets: Net assets returns ratio and Tobin Q value. When real diagnosis analysis chooses model which the section data and the succession data unifies, obtains the state-owned stock present person who pours U. After the conclusion , the article analyze the reason in detail and provide the corresponding policy suggestion. |