Coal Corporate Governance Structure Corporate Performance Related Research

With the continuous development and improvement of the modern enterprise system,corporate governance theory has gradually become an important part of business theory. The core of corporate governance is to ensure the company's property, decision sciences and management efficiency. For listed companies, in order to enhance corporate performance and improve the company's sustainable development, to attract more investors will inevitably focus on the improvement of corporate governance structure and governance issues such as the level of efficiency. The level of company performance and sound corporate governance is whether or not the direct and effective response to a high standard of corporate governance and good corporate performance bound and sustainable development are linked. In other words, effective corporate governance is a necessary condition for improved corporate performance. China's coal resources as a major energy source for a long period of time, the coal industry is still an important part of the national economy, study the governance structure of listed companies in the coal for the development of the national economy reflects a certain degree of representation. In 2009, the coal industry to improve concentration, speed up the resource-based areas of industrial restructuring and achieving sustainable economic growth, integration of coal resources and coal enterprises mergers and acquisitions. Therefore, this paper studies the coal listed companies, an analysis of corporate governance structure and corporate performance has an important relationship between the theoretical and practical significance.In this paper, China Coal Corporate Governance and Corporate Performance relations for the study, using empirical analysis, the theory of corporate governance based on the governance of listed companies on the coal structure and the status of corporate performance analysis, analysis of corporate governance structure on corporate performance Role. Principal-agent theory to build coal-based Corporate Governance and Performance of the relational model, using principal component analysis to establish the performance of coal index of listed companies, from the Equity Governance, Board Governance and Executive Incentive Research three dimensions Governance structure and corporate performance relationship through regression analysis to a conclusion. Finally, theoretical and empirical analysis of the results, valuable policy recommendations to improve the corporate governance structure of the coal and improve corporate performance.