基于公司治理視角的文化傳媒類上市公司經(jīng)營(yíng)績(jī)效
本文選題:文化傳媒 切入點(diǎn):上市企業(yè) 出處:《東北師范大學(xué)》2017年碩士論文
【摘要】:長(zhǎng)期以來(lái),公司治理不但在企業(yè)日常發(fā)展中扮演著重要作用,也成為了學(xué)術(shù)界探討的熱點(diǎn)話題,尤其是公司治理與經(jīng)營(yíng)績(jī)效的關(guān)系問(wèn)題更是如此。在經(jīng)歷了十多年的股權(quán)分置改革后,我國(guó)的上市企業(yè)在公司治理方面更加成熟,因此對(duì)上市公司的公司治理與經(jīng)營(yíng)績(jī)效展開(kāi)研究既是檢驗(yàn)我國(guó)股權(quán)分置改革的成效,也能為我國(guó)的上市公司在公司治理中提供可行性的建議。文化傳媒產(chǎn)業(yè)作為我國(guó)第三產(chǎn)業(yè)的重要組成部分,在社會(huì)經(jīng)濟(jì)發(fā)展中扮演著重要角色,其上市企業(yè)的公司治理狀況反映了整個(gè)行業(yè)的公司治理狀況。因此本文從公司治理與經(jīng)營(yíng)績(jī)效的關(guān)系出發(fā),對(duì)我國(guó)的文化傳媒上市企業(yè)的公司治理和經(jīng)營(yíng)績(jī)效展開(kāi)研究,并對(duì)其在完善公司治理方面提出相關(guān)建議。本文一共分為五個(gè)部分。第一部分,介紹文章的研究背景、研究目的和意義以及研究所使用的方法。第二部分,介紹關(guān)于公司治理和經(jīng)營(yíng)績(jī)效關(guān)系的相關(guān)理論,并分析了國(guó)內(nèi)外學(xué)者對(duì)公司治理和經(jīng)營(yíng)績(jī)效所進(jìn)行的研究,具體包含了股權(quán)結(jié)構(gòu)與經(jīng)營(yíng)績(jī)效的關(guān)系,董事會(huì)治理與經(jīng)營(yíng)績(jī)效的關(guān)系,監(jiān)事會(huì)治理與經(jīng)營(yíng)績(jī)效的關(guān)系,高管人員激勵(lì)與經(jīng)營(yíng)績(jī)效的關(guān)系。第三部分則是介紹了我國(guó)文化傳媒類上市公司的發(fā)展現(xiàn)狀與公司治理特征,并進(jìn)一步闡述股權(quán)結(jié)構(gòu)、董事會(huì)治理、監(jiān)事會(huì)治理和高管人員激勵(lì)機(jī)制與公司的經(jīng)營(yíng)績(jī)效的關(guān)聯(lián)性。第四部分則采用實(shí)證分析的方法,選取了第一大控股股東持股比例、第二大股東持股總量與第一大股東持股量之比、董事會(huì)規(guī)模、獨(dú)立董事占董事會(huì)成員的比例、董事長(zhǎng)和總經(jīng)理兩職合一狀況、監(jiān)事會(huì)規(guī)模、高管人員持股比例作為解釋變量,選取公司的凈資產(chǎn)收益率作為被解釋變量,并把公司規(guī)模、資本結(jié)構(gòu)作為控制變量,利用2012年至2015年的文化傳媒類上市公司的截面數(shù)據(jù)進(jìn)行相關(guān)性分析和多元回歸分析。第五部分,根據(jù)分析結(jié)果,對(duì)我國(guó)文化傳媒類上市公司如何進(jìn)行公司治理、提高經(jīng)營(yíng)績(jī)效提出對(duì)策和建議。
[Abstract]:For a long time, the corporate governance plays an important role not only in the daily development of enterprises, has become a hot topic in academic research, especially the relation between corporate governance and company performance. After more than 10 years after the reform of non tradable shares, the listed companies are more mature in terms of corporate governance, therefore, corporate governance of listed companies and business performance research is a test of China's share reform results, also can provide feasible suggestions for China's Listed Companies in corporate governance. The cultural media industry as an important part of China's third industries, plays an important role in the development of social economy, the company the governance of listed companies reflects the status of corporate governance of the whole industry. Therefore this paper from the perspective of the relationship between corporate governance and business performance, on China's cultural media enterprises In the corporate governance and operating performance is studied, and the related suggestions on perfecting corporate governance. This paper is divided into five parts. The first part introduces the background of the research, the method used by the purpose and significance of research and research. The second part introduces the relevant theories about corporate governance and business performance, and analyzes the research on corporate governance and operating performance of domestic and foreign scholars, including the relationship between ownership structure and business performance of the relationship between board governance and corporate performance, the board of supervisors governance and operating performance, the relationship between incentive and performance of senior executives. The third part is introduced. The governance characteristics and current status of the development of cultural media company in China listed companies, and further analyzes the ownership structure, board governance, governance of the board of supervisors and senior executives and the company's incentive mechanism Association of business performance. The fourth part is the empirical analysis method, selecting the largest proportion of controlling shareholders, second shareholders and the total ratio of the first largest shareholder, the size of the board of directors, independent directors accounted for the proportion of board members, chairman and general manager of the two level one, the size of the board of supervisors and executive shareholding ratio as explanatory variables, selection of the company's net assets yield as explanatory variables, and the company size, capital structure as control variables, correlation analysis and multiple regression analysis using the cross-section data of culture media listed companies from 2012 to 2015. In the fifth part, according to the results of the analysis, how to carry out the corporate governance on Chinese culture media listed companies, puts forward the countermeasures and suggestions to improve business performance.
【學(xué)位授予單位】:東北師范大學(xué)
【學(xué)位級(jí)別】:碩士
【學(xué)位授予年份】:2017
【分類號(hào)】:G124;F832.51;F275
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