论文部分内容阅读
公司治理结构特征与公司绩效的关系是判定公司治理效率的主要方法。文章使用因子分析的方法对A钢铁股份公司进行了绩效评价,确定了抗风险能力、发展能力和盈利能力三个绩效指标;通过多元回归分析法,分别以绩效指标为因变量,公司治理特征指标为自变量的回归模型进行研究,研究结果表明:公司治理特征仅对公司抗风险能力具有较好的解释意义,而对于发展能力和盈利能力没有显著的影响,同时提高股权集中度、股东大会出席率和董事会持股比例可以明显增加公司的抗风险能力,而监事会持股比例与该指标成反比。
The relationship between corporate governance structure and corporate performance is the main method to determine the efficiency of corporate governance. The article uses the method of factor analysis to evaluate the performance of A Steel Stock Co., Ltd, confirms the three performance indexes of risk-resistance ability, development ability and profitability. Through the multiple regression analysis method, taking the performance index as the dependent variable, the corporate governance characteristic index As a regression model of independent variables. The results show that the characteristics of corporate governance have a good explanatory meaning only for the anti-risk ability of the company, but have no significant impact on the development capability and profitability, and at the same time improve the ownership concentration and attend the shareholders’ general meeting The ratio of the board of directors and the ratio of shares held by the board of directors can significantly increase the company’s ability to resist risks, while the proportion of shares held by the board of supervisors is inversely proportional to the index.