Abstract

Agriculture is the basic industry in China, and the development of agricultural listed companies is influenced by internal structure and corporate governance. An effective corporate governance structure can reduce costs to a certain extent, thereby increasing company value and overall strength. This paper selects the financial data of 2013-2018 A-share agricultural listed company in Shanghai and Shenzhen as a sample, puts forward the hypothesis through theoretical analysis, conducts Pearson correlation test on the sample data, and constructs multiple regression model to verify the three aspects of corporate governance structure. The relationship between corporate performance and research results shows that the relationship between equity concentration, equity balance, executive compensation and corporate performance of agricultural listed companies in China is in a “U” shape, and the size of the board of directors is significantly positively correlated with corporate performance to some extent, while the correlation between other governance structural factors and firm performance is not significant.

Highlights

  • Agriculture is the pillar industry of China's economic development, and its development has received widespread attention

  • The corporate governance structure is the main internal factor that affects the level of enterprise operation and development

  • It is of practical significance to select agriculture as a sample to study the relationship between corporate governance structure and corporate performance

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Summary

Introduction

Agriculture is the pillar industry of China's economic development, and its development has received widespread attention. Government provides support for promoting agricultural innovation, agricultural companies still show low performance and uneven development levels, and there are low-quality accounting information disclosure and fraud violations. The corporate governance structure is the main internal factor that affects the level of enterprise operation and development. It is of practical significance to select agriculture as a sample to study the relationship between corporate governance structure and corporate performance. Domestic and foreign scholars have matured their research on corporate governance structure, but there are few specific studies on agriculture. Based on the data and related theoretical analysis of 38 agricultural listed companies from 2013 to 2018, this article uses multiple regression empirical methods to test the relationship between corporate governance structure and corporate performance, so as to find out the governance structure factors that hinder the development of corporate performance and to put forward reasonable suggestions for improving the performance of agricultural listed companies

Literature Review
Research Design
Variable Definition
Model Building
Descriptive analysis of explanatory variables
Correlation Test
Multiple Regression Analysiss
Descriptive analysis of explained variables
Ownership structure and performance analysis
Board structure and firm performance analysis
Management structure and corporate performance analysis
Robustness Test
Research Conclusions
Supporting agricultural development
Improving corporate equity structure
Optimizing board governance structure
Findings
Improving the compensation and equity incentive system
Full Text
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