Dissertation > Excellent graduate degree dissertation topics show

An Empirical Research on Corporate Governance and Firm Performance Evaluation

Author: WeiZhenJing
Tutor: ZhengLiQun
School: Tianjin University
Course: Technology Economics and Management
Keywords: Corporate governance Residual Manipulation Residual Claim Firm Performance
CLC: F224
Type: Master's thesis
Year: 2011
Downloads: 88
Quote: 0
Read: Download Dissertation

Abstract


Corporate governance has been the cornerstone of the development of securities market. Good corporate governance is the basis of listed companies to exist on the stock market. Based studies have shown that investors are willing to pay a premium for listed companies which have the high level of good corporate governance.However, what is the efficiency of corporate governance has been no uniform answer. The research on corporate governance is also very rich and diverse. Someone made the corporate governance to index rating; someone made research from the own ship structure, management incentives, and board structure and governance aspects of external research. This choice of our perspective is the right of residual control and residual claim allocation structure. This is the perspective of power and benefits to measure the corporate governance efficiency. This paper argues that the efficiency of corporate governance should have two meanings: First, residual control rights and residual claims must match each other; second, it must be seen from the results of operations or the market value.In this perspective, the paper selected, including the proportion of executive directors, chairman and general manager of the two level-one status, ownership and management right of the average pay and other two variables. And we developed the performance indicators on the basis of the accounting profit evaluation to construct a new measure of performance of corporate governance - Corporate Governance Surplus (CGS). On the basis of this indicator we selected form listed companies pharmaceutical of manufacturing as a sample, and then we will make a correlation analysis with a different configuration of control and residual claims of the situation. In addition, we make the same correlation with the other measure of the market value -Tobin’s Q. Analysis methods include the overall analysis, group comparisons and regression analysis.Finally, we gave a summary of the limitations for the conclusions of this study, including sample selection, data processing and the construction of indicators. Meanwhile, the next work in the future includes expanding the sample and extending the time span of the industry sources. In addition, we proposed a new perspective - Tax management on the study of corporate governance based in the traditional performance measurement indicators. Then we summarized the limitations in the study of corporate governance.

Related Dissertations

  1. Empirical Study on the Top Management Turnover and Performance of Listed Companies in China,F224
  2. The Research on the Construction of the Board of Directors of State-Owned Individual Proprietorship Companies,F275
  3. Comparative Study of China and Ukraine Corporate Law,D951.13
  4. Corporate Governance and Empirical Study of Audit Quality,F224
  5. An Empirical Study of the family of listed companies in China governance structure of the internal control,F276.5
  6. Corporate governance structure of listed commercial banks in China to study of the effectiveness of internal control,F830.42
  7. The Research of the Internal Control Issues of Enterprise Group Based on Corporate Governance,F275
  8. Research on Participation Degree of Female Directors,D442.6;F224
  9. A Study on Governance Efficiency of Chinese Listed,F832.51;F224
  10. The Relationship Between R&D Expenditure and Growth in High and New Technology Enterprises Based on the Moderate Effect of the Characteristics of Corporate Governance,F273.1;F224
  11. The Relationship between Diversification and Firm Performance of Electronic Information Industry Listed Companies,F426.63
  12. Independent directors of listed companies and improve the system of town,F276.6
  13. Innovative Research of Management Model of Public Hospitals in Jilin Province,R197.3
  14. The Impact of Group Corporate Governance on Internal Capital Market Efficiency,F224
  15. A Study on the Relevance between Corporate Governance and Financial Statement Restatements,F224;F275
  16. The Research of Institutional Investors on Corporate Performance and Executive Pay,F224
  17. An Study on the Effect of the Listed Companies’ Corporate Governance Structure on the Cash Holdings,F276.6;F224
  18. An Empirical Research Between the Governance Structure of Listed Companies and Earnings Management,F224
  19. Study on the Green Supply Chain Management on the Efficiency of the Equipment Manufacturing Enterprises Performance,F426.4
  20. The Empirical Research on the Effects of Corporate Governance to the Performance of Commercial Bank,F224
  21. County holding power system optimization design of corporate governance,F426.61

CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
© 2012 www.DissertationTopic.Net  Mobile