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

Zhang Xiaoyi^1, and Feng Yazhu¹

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

Cite this paper:
Zhang Xiaoyi and 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

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.

Keywords:
external competitive intensity corporate governance corporate performance

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