TY - GEN
T1 - Evaluation on the efficiency of financial governance of listed companies under split share structure reform
AU - Zheng, Shaofeng
AU - Huang, Qinghua
PY - 2011
Y1 - 2011
N2 - The split share structure reform is a major institutional change of China's capital market, which has a long and great influence on China's capital markets and listed companies. In order to measure the impact of financial governance on share reform of listed companies, by the use of DEA, calculation and evaluation of the efficiency of financial governance, the paper clearly indicated the main factors that affect the financial governance: Institutional ownership, the largest shareholders, creditors, executive compensation, independent directors, which influence the efficiency of financial governance from the financial governance structure and mechanisms, therefore, they should be the starting point to improve financial governance efficiency.
AB - The split share structure reform is a major institutional change of China's capital market, which has a long and great influence on China's capital markets and listed companies. In order to measure the impact of financial governance on share reform of listed companies, by the use of DEA, calculation and evaluation of the efficiency of financial governance, the paper clearly indicated the main factors that affect the financial governance: Institutional ownership, the largest shareholders, creditors, executive compensation, independent directors, which influence the efficiency of financial governance from the financial governance structure and mechanisms, therefore, they should be the starting point to improve financial governance efficiency.
KW - efficiency evaluation
KW - financial governance
KW - split share structure reform
UR - http://www.scopus.com/inward/record.url?scp=80051686384&partnerID=8YFLogxK
U2 - 10.1007/978-3-642-23065-3_54
DO - 10.1007/978-3-642-23065-3_54
M3 - 会议稿件
AN - SCOPUS:80051686384
SN - 9783642230646
T3 - Communications in Computer and Information Science
SP - 372
EP - 377
BT - Education and Management - International Symposium, ISAEBD 2011, Proceedings
T2 - 2011 International Symposium on Applied Economics, Business and Development, ISAEBD 2011
Y2 - 6 August 2011 through 7 August 2011
ER -