Study On Corporate Governance Of Sse And Szse Listed Companies In Media Industry

The research subject of this dissertation is corporate governance of SSE(Shanghai Stock Exchange) and SZSE(Shenzhen Stock Exchange) listed companies in media industry. Compared with companies in other industries, the listed media companies have two obvious particularities. Firstly, because media industry has dual characteristics of information industry and commonweal, the listed media companies are meeting much stronger government regularity. Secondly, because the listed media companies are very weak in operation independence, it becomes more possible for big shareholders to invade the rights of other shareholders, the ownership paradox also comes into being.This dissertation consists of the following five chapters.Chapter one, introduction. The research background and purpose are firstintroduced. Then, the study method and the main contents are discussed. At last, theinnovations in this dissertaion are analyzed.Chapter two, relationship analysis of corporate governance key factors and corporate performance. This section makes a regression between the performancesand the liability structure, the shareholding structure, the director characteristics. It shows that the listed media companies is degrading in corporate governance and meeting the ownership paradox.Chapter three, relationship analysis of corporate governance mechanism and corporate performance. This section makes a data compareing analysis between the performances and the senior managers incentive mechanism, the independent director system. It shows that the incentive force isn't strong and the effect of independent directors is limited.Chapter four, According to the study of this dissertation, this section puts forward the advice and countermeasures of improving the corporate governance of the listed media companies.Chapter five, Conclusion. This section concludes on the whole paper, analyzes the logical relation among each part, and points out the findings in this paper.This dissertation has formed following two creative points:Firstly, This dissertation endeavores to make empirical analysis on the corporate governance of Chinese listed media companies for the first time. At present, the...