Research On Shareholder Structure And Effectiveness Of Corporate Governance Of China's Listed Firms From The Private Sector

The stockholder's structure is a most basic factor of corporate governance in mechanism,which has decided to form the characteristic on board of directors,board of supervisors and high-level management.In China, the special economic development way has formed the high degree of concentration of stockholder's structure in most of China's listed firms. The characteristic also produced some serious problems in corporate governance,thus the company governed the valid research to be more important day by day. Based on Private company's property right structure defined as well as the privately operated economy to our country national economy's importance, this paper governs the valid to the privately operated to be listed's stockholder's rights structure and the company relations to conduct the research.Through summary the thoery and research results on corporate governance which researched before, the paper analysis the development of China's listed firms from the private sector, chosen the research sample and the research variable target, and then designed the research model. The paper used the factor analysis and the principal components analysis to governed the valid target to the selection company. The paper chose 259 sample in 4 years which are on behalf of stockholder's rights structure data and the effectiveness of corporate governance. Through the statistical analysis,the paper discovered that the stockholder's rights structure and the company govern between the validity have the obvious correlational dependence.Finally, the paper carried on the linear regression examination, by determined the research the scientific nature and the rationality.This paper governs conduct the exploring research on shareholder structure and effectiveness of corporate governance of China's Listed Firms from the Private Sector. The conclusion indicated that the privately operated to be listed stockholder structure still too concentrated and made the government comparison low efficiency.