本文關(guān)鍵詞： 公司治理水平 公司價(jià)值 L指數(shù)　出處：《新疆財(cái)經(jīng)大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：作為現(xiàn)代公司制的高級(jí)形式的上市公司在我國(guó)已經(jīng)存在了20多年，它的發(fā)展?fàn)顩r在對(duì)地區(qū)甚至整個(gè)國(guó)家的經(jīng)濟(jì)發(fā)展發(fā)揮著越來越重要作用的同時(shí)，也推動(dòng)了我國(guó)證券市場(chǎng)的不斷發(fā)展壯大，上市公司作為證券市場(chǎng)的基礎(chǔ)也越來越成為反映和衡量一個(gè)地區(qū)經(jīng)濟(jì)和金融發(fā)展水平的指標(biāo)。自西部大開發(fā)戰(zhàn)略實(shí)施以來，我國(guó)西部地區(qū)經(jīng)濟(jì)迎來了一段快速發(fā)展的美好時(shí)期，在西部地區(qū)得以全面發(fā)展的這段時(shí)期里，西部地區(qū)的上市公司也得到了快速的發(fā)展，我國(guó)西部地區(qū)的上市公司的數(shù)量從2000年的192家發(fā)展到目前的366家，占全國(guó)2513家上市公司的比例為14.56%。然而上市公司在迅速發(fā)展的過程中也暴露出許多影響上市公司發(fā)展的問題，其中上司公司治理水平與上市公司業(yè)績(jī)及價(jià)值之間的關(guān)系一直是許多學(xué)者比較關(guān)注的問題。目前國(guó)內(nèi)研究上市公司治理與公司業(yè)績(jī)及價(jià)值關(guān)系的文章大部分以全國(guó)的上市公司為研究對(duì)象，這就可能會(huì)忽略不同區(qū)域的上市公司之間的不同特點(diǎn)，因此本文以此為突破點(diǎn)來研究我國(guó)西部地區(qū)上市公司的治理水平與公司業(yè)績(jī)及價(jià)值之間的關(guān)系，以期發(fā)現(xiàn)公司治理水平是如何影響我國(guó)西部地區(qū)上市公司的業(yè)績(jī)及價(jià)值的，從而為我國(guó)西部地區(qū)上市公司的治理提出政策與建議。 首先，本文介紹了研究的意義、目的及方法，并梳理了國(guó)內(nèi)和國(guó)外研究公司治理與公司業(yè)績(jī)及價(jià)值關(guān)系的文獻(xiàn)。其次，本文介紹了國(guó)內(nèi)及國(guó)外衡量上市公司治理水平的公司治理體系，并編制了衡量西部上市公司治理水平的L指標(biāo)。然后又根據(jù)綜合指標(biāo)L分析了目前我國(guó)西部地區(qū)上市公司治理水平的現(xiàn)狀。在本文的第四部分，利用該綜合指標(biāo)L對(duì)公司治理水平和公司業(yè)績(jī)及價(jià)值之間的關(guān)系進(jìn)行了實(shí)證檢驗(yàn),實(shí)證結(jié)果顯示西部地區(qū)中L指數(shù)越大的公司，其公司業(yè)績(jī)會(huì)越好，，但其公司價(jià)值則具有不確定性。最后，本文根據(jù)實(shí)證結(jié)果及我國(guó)目前西部地區(qū)上市公司的治理水平的現(xiàn)狀提出了相應(yīng)的對(duì)策建議，并分析了本文的不足之處和創(chuàng)新之處。
[Abstract]:As the advanced form of modern company system of Listed Companies in China has existed for over 20 years, its development is playing an increasingly important role in the region and even the whole country's economic development, but also promote the continuous development of China's securities market, listed companies as the foundation of the securities market has become more and more as a reflection of and measure the level of development of a regional economy and finance. Since the implementation of western development strategy, the economy in the western area of China ushered in a period of rapid development of the good times, in the western region to the period of all-round development in the western region, the listed company has been rapid development, the number of listed the company in the western region of China from 2000 192 to the current 366, accounting for 2513 of listed companies accounted for 14.56%. but the listed companies in the process of rapid development Also exposed many problems affecting the development of listed companies, the relationship between the superior level of corporate governance and the performance of listed companies and the value has been many scholars paid more attention to the problem. At present the most domestic research governance of listed companies and corporate performance and value to the listed company as the research object, which may be different the characteristics between different regions of the listed companies will be ignored, so this paper is to investigate the relationship between the listed companies in China's western region breakthrough point of governance and corporate performance and value, in order to find out the level of corporate governance is how to affect the performance and value of China's Listed Companies in China's western regions, so as to put forward policy and suggestions for governance of Listed Companies in China's western region.
Firstly, this paper introduces the research significance, purpose and method, and summarizes the domestic and foreign research of corporate governance and corporate performance and the value of the relationship between literature. Secondly, this paper introduces the domestic and foreign measure of corporate governance of listed company corporate governance system, and the preparation of the L index measure of western corporate governance. Then according to the comprehensive index L analysis of the present situation in the western region of our country's corporate governance level. In the fourth part, to analyze the relationship between corporate governance and corporate performance and value of the comprehensive index L, the empirical results show that the L index in the western area the company is big, the performance of the company will the better, but the value of the company is uncertain. Finally, according to the empirical results and our current governance level of Listed Companies in the western region of the status quo and put forward the corresponding to the Suggestions are made and the shortcomings and innovations of this paper are analyzed.

【學(xué)位授予單位】：新疆財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F832.51;F271

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