Study on Relativity and Effectiveness of Governance Mechanism on Chinese Listed Companies

Yu Xiang LI;Lin GAN

Systems Engineering - Theory & Practice ›› 2004, Vol. 24 ›› Issue (6) : 33-40.

PDF(186 KB)
PDF(186 KB)
Systems Engineering - Theory & Practice ›› 2004, Vol. 24 ›› Issue (6) : 33-40. DOI: 10.12011/1000-6788(2004)6-33
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Study on Relativity and Effectiveness of Governance Mechanism on Chinese Listed Companies

  • Yu Xiang LI,Lin GAN
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Abstract

We research the relativities of varieties of corporate governance mechanisms, we present the equations of shareholder's governance, board's governance, the stimulation of manager and the bond market, then we make an empirical study by 2SLS. The evidence indicates that there is positive correlation between asset-debt ratio and ownership balance degree, while there are negative correlations between national ownership proportion and independent directors proportion, senior administrators' ownership proportion ...

Key words

governance mechanism / relativity / effectiveness / listed company

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Yu Xiang LI , Lin GAN. Study on Relativity and Effectiveness of Governance Mechanism on Chinese Listed Companies. Systems Engineering - Theory & Practice, 2004, 24(6): 33-40 https://doi.org/10.12011/1000-6788(2004)6-33
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