The Empirical Study On The Impact Of Corporate Governance On The Value Of Listed Companies

The corporate governance can be calledthe corporate governance structure, or legal person governance structure etc. It is how to govern the corporate entity. That is using power to director the company, supervise the corporate managers, undertake relevant responsibilities and control the corporate according to the legal rules of the country in which it is. Now companies are aimed to maximize the value of themselves and the corporate governance plays an important role in achieving this target.According to the front research conclusion, the paper adopted some correlative theory; introduce simply the present situation of Chinese marketing companies and some questions. On the base of them, we put forward some hypothesizes, and chose 204 listed companies in Shanghai Stock Exchange after excluding abnormal data. we researched the effect of the relevant factors of the internal governance on the enterprise value using 204 listed companies as the analyzed samples. Eventually, we put forward some policy advice according to the confirmed result.According to some conclusions of empirical study, we find that, the proportion of the top ten shareholders have positive effect on corporate value, according to present situation of Chinese marketing companies. We should keep stock concentrate relatively, not decentralization stock.At last, this paper indicates some deficiencies of listed corporation's governance in china and puts forward corresponding suggestions to improve them.