Empirical Study On The Influence Of Government Control On The Performance

In the party’s18session, the General Secretary Xi Jinping "concentric shaping theChinese Dream", Chinese people in the great revival of the occasion, the Chineseeconomy dominant state-owned listed company with its reform and development ofrelations with people’s livelihood, the government control and the relationship between theperformance of listed companies to become current research hotspot.This paper describes the theoretical basis of the texts and related applications, and asystematic review of the performance of listed companies and the government-controlledstudy of the relationship in the literature review, the author summarized the eightgovernment-controlled factors, including personnel controlling factors, equity nature offactors, government help, and the burden of factors, government control hierarchy offactors, SBC factors and investment factors. In previous literatures related factors on thebasis of summarizing, the author conducted a literature review, and proposed theinadequacies of existing research and how to improve vision.After laying the theoretical basis of the above, the author proposes governmentcontrol level, the government control, government control of the proportional andexecutive background, personal abilities four executives set of assumptions. In makingassumptions based on the question of state-owned listed companies selected in2012as thesample data, the establishment of government control factors (Government control, theultimate ownership of state-owned, government-controlled level executives and politicalbackground, personal abilities executives) and listed companies performance of the twomodels. In order to better verify the political background of executives and seniormanagement ability of individuals to influence the performance of listed companies, thislevel of control by the Government as its model the control variables, the results morereliable.Through empirical research on the sample data, we find that the higher the theultimate ownership of state-owned, the better the performance of listed companies;government control level is lower, the better the performance of listed companies; waymore direct government control, the worse the performance of listed companies,executives political experience or background and relationship performance of listedcompanies positive correlation. Main innovation of this paper is to sample selection and the selection of variables, thepaper select a large number of state-owned listed companies as the sample data, and mostare indirectly controlled by the government. Controlling factor in the selection ofpersonnel is also considering the future right now the company executives servingperformanceThis is despite the lack of a variety of selected variables represent corporateperformance, but still not fully expressed. For the selection of the lack of personnelcontrol system classifications. These need to be deeper study.