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Research On Influence Of The Ownership Structure Of Listed Companies Of Efficiency Of Financial Governance

Posted on:2012-02-29Degree:MasterType:Thesis
Country:ChinaCandidate:F L ZhaoFull Text:PDF
GTID:2189330335475440Subject:Accounting
Abstract/Summary:PDF Full Text Request
Financial management is the product penetrating into the corporate financial and corporate governance, It have become the focus of attention in practice. Financial management originated from western financial circles, and is proposed clearly and gradually been deepening research by the financial circles in China. Overall, this research field is still in the "baby" stage vigorous and far from mature. Financial management efficiency is the fundamental objective of financial management for efficiency, without thorough consideration, there can be no truly mature of financial affairs governance theory. Unfortunately, this field is essentially not much research. Therefore, this article tries to show something meaningful.The ownership structure is the most fundamental factor of financial governance mechanism which determines the board of directors, supervisors and senior management organization characteristics such as the formation of financial management efficiency, affects obviously. On the basis of theoretical analysis combining empirical analysis method, listed companies on China's ownership structure and corporate financial management efficiency of the relationship between the exploratory research. Select the listed companies in China, and puts forward the 2009 data ownership structure and corporate financial management efficiency of regression between assumptions, data analysis method to make corresponding processing, validation hypothesis. And then based on the empirical conclusion, put forward the corresponding policy.This paper is divided into three parts, the first part is the corporate financial governance and related theories, including the first chapter the introduction and the second chapter company financial management related theory; The second section discusses the listed company equity structure and financial management present situation, and the shareholding structure of financial management efficiency empirical analysis the influence of listed companies, including the third chapter ownership structure and financial management efficiency analysis of the status and the fourth chapter financial management efficiency of the empirical analysis; The third part is based on the second part of the conclusion of the listed companies on China's ownership structure optimization policy recommendations.
Keywords/Search Tags:Ownership Structure, Efficiency of financial governance, Equity Properties, Ownership Concentration, Corporate Performance
PDF Full Text Request
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