Based On The Board Of Directors Of Industry Difference Structure: An Empirical Study Of Influence On Corporate Performance

Since the reform and opening, Chinese economy grows rapidly. Especially after the90s, with the development of regional economic integration and the economic globalization, China has introduced a lot of foreign enterprise. These enterprises not only bring advanced technology but also bring the advanced theory and method of corporate governance to us, and it makes Chinese enterprise reform continuously toward the new stage of corporate governance reform.Corporate governance is an institutional arrangement to coordinate the relationship among shareholders of a company, board of directors, management and other stakeholders. The effectiveness of corporate governance is crucial to the development of the company, and even directly decides the survival of the company. Because board is the company’s decision-making body, and it has the decision-making power of company’s major matters. So, as the core of company governance, board governance has attracted more and more attention from the scholars both at home and abroad. Board’s structure is one of the most important factors for board to play an active role and promote company performance. Therefore, this article plans to research on the relation between the structure of board and company performance form the perspective of empirical, in order to find out the structure of board effect on corporate performance, and then puts forward the corresponding measures to improve the board governance structure, and finally promotes the improvement of corporate performance.This paper is divided into five parts in structure:the first part is the introduction; this part mainly introduces the research background and significance, research methods, the innovation of the paper. The second part is literature review; in this chapter, we reviewed the definition of related concepts firstly, and then reviewed the related literature at home and abroad and summarized and evaluated the present situation of those literatures, finally, we introduced the theoretical basis about researching the relationship between the structure of board and company performance, such as the principal-agent theory, stakeholder theory, resources dependence theory, in order to provide the theoretical basis for this article. The third part is current situation analysis in structure of board and company performance of different industries, this part mainly includes three aspects:sample selection and data sources, the present situation of board’s structure of different industries, the’situation of company performance of different industries. The fourth part is empirical research on the relation between the structure of board and company performance of different industries. Firstly, this part shows the method of selecting the sample and data sources, and then describes and explains the variables. Secondly, we propose some research hypothesis. Thirdly, we analysis the relationship between board structure and corporate performance of different industries in the financial dates which are come from the company that only issued "A" shares in Shanghai stock exchange in2010through statistics software SPSS, and we obtained that every factor of board structure has different effect on the corporate performance base on industry difference. In the fifth part of this article, we discuss the conclusion of the study, and then put forward some suggestions from the perspective of adjusting the structure of the board to improve performance of the company. At last this paper points out the limitations.