The Research Of The Governance Efficiency Evaluation Of China Listed Companies Based On Core Competence

Both the efficiency of corporate governance and the core competencies of enterprise are the hot issues of today’s business world and academia, studying them are conducive to the development of the enterprises. But from the existing literature, the studies of them are relatively independent. Therefore, based on the research of the Listed Companies in China, study the correlation of the company’s core capabilities and the efficiency of corporate governance. The car manufacturing industry is the pillar industry of China’s economic development, after60years of development, it already has a scale. However, after joined the WTO, the tariffs of the motor vehicles and parts dropped significantly, many foreign multinational companies seize the Chinese market, the competition becomes increasingly fierce, the development of China’s automobile industry facing great challenges. After the economic crisis, the automotive industry of the global are subject to different blow, in this particular economic environment, there are certain practical significance to study the efficiency of the governance of the automotive industry.The thesis is from corporate governance point of view, combining with the characteristics of the listed companies of the automotive industry, designing the index system of the listed company’s core competencies, corresponding panel data between core competencies and the corporate profitability and development capacity of the automobile manufacturing listed company during the period of2006-2010and using regression analysis and DEA methods to study the relationship of them to carry out a theoretical and empirical analysis. Regression analysis showed that: core competencies with the company’s profitability ability and development ability have a significant positive correlation, management core competencies and market core competencies affect even more significantly, but the technical core competencies has a weak positive correlation with the company’s profitability ability and development ability. DEA method, evaluating the efficiency of the governance of the listed companies of the automotive industry from the system efficiency and returns to scale, management core competencies, market core competencies and technical core competencies as input indicators, return on net assets and the growth rate of the capital preservation as the output indicator, the empirical results showed that:the core competencies of China’s automobile manufacturing is not strong, the whole level of the efficiency of corporate governance is not high, there is a lot of room for improvement.