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Zhang Weiying, Ownership, governance structure and principal agent relationship, Economic Research, 1996, 9: 27.

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Article

Research on the Correlation between Corporate Governance and Performance with Different External Competitive Intensity

1Ecnomicas and Management Department, Shanxi University, Taiyuan, China


Journal of Finance and Economics. 2017, Vol. 5 No. 2, 61-64
DOI: 10.12691/jfe-5-2-3
Copyright © 2017 Science and Education Publishing

Cite this paper:
Zhang Xiaoyi, Feng Yazhu. Research on the Correlation between Corporate Governance and Performance with Different External Competitive Intensity. Journal of Finance and Economics. 2017; 5(2):61-64. doi: 10.12691/jfe-5-2-3.

Correspondence to: Zhang  Xiaoyi, Ecnomicas and Management Department, Shanxi University, Taiyuan, China. Email: zxyi14@hotmail.com

Abstract

In the long-term practice of corporate governance, corporate governance system has been improved, and formed a set of interrelated governance system. According to its function, it can be divided into: incentive mechanism, supervision mechanism, agency competition mechanism, and external governance mechanism. This paper selects the financial data of listed companies of Shanghai Stock Exchange in 2014-2015 as samples. Through regression analysis, it is concluded that the more competitive the environment is, the weaker the corporate performance is sensitive to corporate governance.

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