The Research Of The Relationship Between Corporate Control And Performance In Hi-Tech Listed Companies

With the development of China's stock market and the improvement of China's listed companies,the function of corporate control on corporate governance is emphasized and the allocation of corporate control is becoming the hard core of corporate governance.The key problem in this thesis is to study the relation between corporate control of Hi-Tech companies and the performance.Thinking Hi-Tech companies have some special feature, including high risk,high income,high input.Its goal lies in unifies China's reality to analyze the listed companies' corporate control theoretically,and to demonstrate the relation between the corporate control of Hi-Tech companies and the performance practically.Its significance is to seek the healthy development road of domestic corporate control market under specific environment.The paper probes into the theory of corporate control frost,the connotation of corporate control is given and how to realize corporate control is discussed.The article provides an introduction and integral views of the concepts of corporate control.Secondly, the paper studies the influence of corporate control on corporate governance,and tells the corporate control of China's listed companies,and analyzes the influence of corporate control on the performance.Finally,we study certain quantities of sample Hi-Tech companies to research the relation between corporate control of Hi-Tech companies and the performance and end with some propositions on how to enhance the performance of corporate control.From the results of empirical analysis,it reveal that:the value of Hi-Tech companies conspicuous negative correlate with the share-holding rate of first board,the rate of first board and second board and the of company.The value of Hi-Tech companies remarkably positive correlate with the number of board and the share-holding rate of high-class manager.