Research On The Impact Of Governance Structure On Financial Performance Of Listed New Energy Companies

With the development trend of economic globalization,the Chinese economy is growing rapidly,At the same time the demand for energy in all industries is increasing rapidly.With the strategic goal of reducing carbon emission put forward by the international community,Lots of countries have taken new energy as a new competitive track.Compared with Europe,the development of China’s new energy industry started late,so for us,it is a transformation road that must be taken and there is a long way to go.The development of the industry is faced with a series of problems such as insufficient investment in research and development,overheated industrial investment and immature market.A good governance structure can make a company develop sustainably.Some scholars are also actively studying the influence of corporate governance structure on the growth of a company,so as to improve diversified corporate governance and gradually improve financial performance.In this paper,China’s new energy sector listed companies as the research object,select 155 Shanghai and Shenzhen stock market listed companies from 2015 to 2019 growth status research.It selected equity,directors and senior executives in the governance structure for research,board governance and management incentive,and through descriptive statistics of data and multiple linear regression model and other statistical measurement methods,verify the correlation of corporate governance to performance.Through empirical research,the following conclusions are drawn:Under the background of non-state-owned enterprises holding new energy listed companies,the relative concentration of equity is more conducive to the improvement of financial performance of profitability indicators;Independent director system and appropriate board size can positively promote the financial performance of new energy enterprises;The combination of compensation incentive and equity incentive is more helpful for new energy enterprises to improve their financial performance and maximize shareholder value.