Research On The Influence Of Listed Company Governance On Regional Competitiveness

The 40years’ reform and opengning up practice of our country has proved that the goverment should promote the enterprises reform and listing,and vigorously develop the capital market.Bcause it can promote the growth of economic indicators such as regional fiscal revenue,GDP and per capita income.The quality,competitiveness and sustainable development of listed companies have a direct impact on regional economic,social and livelihood issues.It can improve the quality,sustainable development ability and competitiveness of listed companies by improving and optimizing corporate governance.It has become a hot issue in Management and Economics to achive the standardized development of listed company and capital markets.Listed companies as an important microeconomic subject of regional economy,what function does it play in the development of local regional economy?Can the governance level of shareholders,board of directors,board of supervisors and managers of corporate governance structure promote the development of local regional economy? Can listed companies attract foreign investment through information disclosure? And can lisited copanies contributes more value by fulfilling the social responsibilities of stakeholders regional economy? All of the above are the focus of this paper.It is of great significance to clarify the internal relationship between the governance level of listed companies and the development of regional economy and combine the research on both of them.It is also highly significant to explore how listed companies can promote regional economy and enhance regional competitiveness with the help of governance structure and governance mechanism.This paper first combs the theoretical results of corporate governance and regional economic competitiveness.Then it describes the current situation of corporate governance and regional economic development in China’s provinces based on the secondary indicators of corporate governance and the scores of economic comprehensive competitiveness in each province.Next it analyzes the secondary indicators on regional economic comprehensive competition in theorical and empirical analysis.The results show that the governance level of shareholders,board of directors,board of supervisors and stakeholders is positively related to the comprehensive competitiveness of regional economy,and it can enhance the comprehensivecompetitiveness of regional economy by improving the governance level.The management level is negatively related to the comprehensive competitiveness of regional economy,and the information disclosure governance level has no significant relationship with the comprehensive competitiveness of the regional economy.Neither the management nor the information disclosure governance has played a role in promoting the regional economy.According to the research conclusion,this paper puts forward some suggestions,such as focusing on the "key minority" of corporate governance,information disclosure oriented by investors and coordinating stakeholders actively,so as to improve the governance level of listed companies and enhance the comprehensive competitiveness of regional economy.