The Impact Study Of Governance Mechanism Of Listed Companies In Xinjiang Compared With The Company’s Expansion Ability

Corporate governance is the foundation of company operation and must alsocontact the company expand exists.Perfecting corporate governance mechanism caneffectively improve the expansion ability of enterprises. Good corporate governancemechanism is the foundation to make scientific decision of listed companies inxinjiang and promote enterprise expansion ability. Based on the samples of listedcompanies in xinjiang, we use empirical analysis methods to find the influence on theenterprise expansion capacity path from the pespectives of the corporate governanceof shareholder governance, the board of directors governance and management inxinjiang listed companies, trying to find some reference experience data to perfectthe governance mechanism of listed companies in xinjiang.This paper, first of all, uses30listed companies of2010-2012in xinjiang as thestudy sample, through the establishment of factor analysis and multiple linearregression model to make an empirical analysis of the impact on enterprise expansionability. In addition, this paper selected the163listed companies in zhejiang provincein2010-2012to compare with the listed company in xinjiang samples, and throughanalyzing the differences of two samples compared to the empirical results to find theadvantages and disadvantages of listed corporate governance in xinjiang, and toprovide data support to improve the corporate governance mechanism and promoteenterprise expansion ability.Through empirical study found: diversity, listed companies and listed companiesin zhejiang, xinjiang is state-controlled, chairman and general manager have two statemanagement, salary management, ownership and enterprise scale it passed the test ofsignificance, from the aspect of significant differences;Regression results, equityconcentration, whether state-owned holding, the proportion of independent directors,the board size, management compensation and management ownership of twosamples in the company’s ability to expand have different effects.Two of theseindicators of listed companies in difference exist significant differences in the test, therelationship between the expansion ability of the listed companies is the existence ofsignificant differences.Relative to the listed company of zhejiang, xinjiang through corporate governance mechanism of listed companies to improve enterprise expansionability way too little, is not conducive to the long-term development.Finally this paper puts forward the government that they should reasonablyreduce the proportion of state-owned shares of listed companies;Support andencourage the participation of institutional investors;To further perfect the board ofdirectors governance mechanism;Continue to intensify the management of incentiveand constraint at the same time, actively develop and implement reasonablecompensation plans and management equity plan, improve the releasing amount ofmonetary reward, implementation efforts for the senior executives and policysuggestion such as contribution in return.