The Reform Of State-owned Listed Companies On Corporate Governance Effects

State-owned economy in the national economy dominated by state-owned economy of quality assets on behalf of state-controlled listed companies the dominant role played by more and more attention. In recent years, a series of state-owned group enterprises listed on the packaging or overall quality assets listed on the trend, so that components with state-owned enterprises controlled by the government and the public more and more attention, pay attention to market competition, product innovation and enhance core competitiveness Meanwhile, the state capital of listed companies are controlled tend to enhance corporate governance as a means of main core competitiveness and operational efficiency of hope as an effective corporate governance can not only rationalize the internal control, to avoid business risk, and to achieve the main business bigger and stronger, so that enterprises in the fierce market competition invincible purpose. From the first, state-controlled listed companies start to principal-agent theory as the theoretical basis, by comparing the three at different times the same location but different environments set up state-owned listed shares changed before and after the data, found that the share reform before and after the state holding listed companies governance situation has significantly changes, and its performance had an impact. Second, different types of state governance of listed companies significantly different, the main financial indicators varied significantly and, ultimately, the performance difference is reflected in its top.