Empirical Analysis of Company´s Performance and Governance Structure of Listed Companies of High-Tech in China

Author

Ye Liu ; Lina Qin

Author_Institution

Sch. of Bus. Adm., Northeastern Univ.

fYear

2006

fDate

Dec. 2006

Firstpage

258

Lastpage

264

Abstract

This paper examines the relativity between the corporate governance structure and the corporate value in China´s listed high-tech companies based on a sample of 40 enterprises listed on the Shanghai stock market and Shenzhen stock market. The result of study indicates that there are distinctively negative correlation between Tobin´s Q ratio and company´s scale, and positive correlation between ROE and company´s scale in enterprises of high-tech. By finding out the characteristics of corporate governance suitable for the corporate development, the paper contributes to bring forward some suggestion on perfecting corporate governance structure in the enterprises of high-tech in our country

Keywords

social aspects of automation; stock markets; Shanghai stock market; Shenzhen stock market; Tobin Q ratio; corporate governance structure; corporate value; Companies; Humans; Internet; Investments; Manufacturing; Performance analysis; Risk management; Silicon; Stock markets; Uncertainty; Corporate governance; High-tech; Relativity;

fLanguage

English

Publisher

ieee

Conference_Titel

Services Computing, 2006. APSCC '06. IEEE Asia-Pacific Conference on

Conference_Location

Guangzhou, Guangdong

Print_ISBN

0-7695-2751-5

Type

conf

DOI

10.1109/APSCC.2006.49

Filename

4041242