Research On The Impact Of Corporate Governance On Financial Performance Based On The Perspective Of Independent Directors' Performance

In recent years,with the outbreak of the Asian financial crisis,corporate governance issues have become increasingly prominent,becoming one of the focuses of government agencies,the legal community,and the economic community.As a major component of the modern corporate system,corporate governance structure is to enhance competitiveness.This is a necessary condition for improving business performance.Therefore,this research has attracted wide attention from academic circles at home and abroad.At the same time,China's independent director system began in the early 21 st century.The existence of independent directors is to optimize the corporate governance structure.Independent directors actively participate in the corporate governance of listed companies,which not only can promote the continuous improvement of corporate governance,but also improve listing.The company's financial performance,therefore,from the perspective of the performance of independent directors,it is of practical significance to study its impact on corporate governance and financial performance as a regulatory variable.Based on the existing literature research,this paper takes real estate listed companies as a sample,first quantifies the level of corporate governance,studies the relationship between corporate governance and financial performance,and uses the method of regulatory variables to study the role of independent directors in corporate governance.In the case of financial performance,through descriptive statistics,correlation analysis,and multiple regression analysis,the empirical results of this paper show that corporate governance level plays a positive role in promoting financial performance.In addition,independent directors' performance variables include attendance at the meeting.Frequency,frequency of opinions,and types of opinions issued will all contribute to the positive impact of corporate governance on financial performance.Finally,it puts forward measures to improve the corporate governance of real estate listed companies in China: effectively improve the corporate governance level and improve the governance mechanism.In addition,it is necessary to ensure the frequency of participation of independent directors and improve the quality of participation,to advise the company,dare to make different opinions.