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本文以新疆上市公司2007年至2009年年报数据为样本,实证分析了新疆上市公司国有股持股比例、法人股持股比例、股权集中度对公司治理效率的影响。结果表明:新疆上市公司区域分布较为集中,公司国有股比例对公司治理效率没有显著影响;公司法人持股比例与治理效率绩效不存在显著相关性,说明新疆上市公司需要对法人股东采用合理的激励监督机制,促使法人股东更有效地监管上市公司的治理,以达到上市公司更优的治理效率;公司治理效率与公司股权集中度不是倒U型函数。
Based on the data from 2007 to 2009 of listed companies in Xinjiang, this paper empirically analyzes the influence of the proportion of state-owned shares, legal person shares and ownership concentration on the efficiency of corporate governance in Xinjiang listed companies. The results show that the distribution of listed companies in Xinjiang is relatively concentrated, and the ratio of state-owned shares of the Company has no significant effect on the efficiency of corporate governance. There is no significant correlation between the proportion of corporate shares and the efficiency of governance, indicating that the listed companies in Xinjiang need to adopt reasonable incentive supervision Mechanism to promote corporate shareholders to more effectively monitor the governance of listed companies in order to achieve better governance efficiency of listed companies; corporate governance efficiency and ownership concentration is not inverted U-shaped function.