Study On The Factors Affecting Corporate Governance Effecting

The aims of corporate governance are to improve the governance efficiency, butgovernance efficiency is a combination of many factors. The majority of scholars havebeen in the theoretical or empirical studies in this field, but so far no scholars do empiricalresearch in many factors. This paper verifies the relationship between the corporategovernance efficiency and a variety of influencing factors from empirical verification.Firstly I defined the concept of corporate governance and corporate governanceefficiency, introduced the related theories of corporate governance, at the same time,evaluated the existing evaluation criteria of corporate governance efficiency and putforward my own evaluation criteria standard, laid the theoretical foundation for this paper;Secondly evaluated the existing literature about corporate governance and introduced thefactors affecting the efficiency of corporate governance from different dimensions; Then Itook China’s manufacturing industry,2009-2011, listed companies743for the study,carried out an empirical study of the relationship between the shareholding structure andthe corporate governance efficiency, between management structure and corporategovernance efficiency, between debt structure and corporate governance efficiency,between information disclosure and corporate governance efficiency,Using regressionanalysis, the method of testing to verify my own assumptions, I concluded conclusionswith its predecessors. The relationship between corporate governance efficiency andshareholding ratio of the shareholding ratio of the largest correlation was negative, the sumproportion of top three shareholders was inverted positive correlation, At the same time,the corporate governance efficiency and managers’ payment have significantly positivecorrelation, the independence of the board of directors,debt structure and the quality ofinformation disclosure will also affect the corporate governance efficiency. Finally, I madea summary of the full text, and put forward solutions.In this paper, the conclusions of the study to improve the manufacturing quotedcorporate governance efficiency, in the ownership structure, management structure, debt structure and the quality of information disclosure.