An Empirical Study Of The Firm Value And Corporate Governance In Overall Listing Company

Comparing with Spin-off listing , overall listing has a lot of advantages.It can realize scale implementation ,industry integration and resolve the questions of related party transactions,so it increasingly become the most eye-catching financial innovation form and has been in hot pursuit. However,how is the effect of overall listing? Does it really increase the value of the firm?How is the effectiveness of it brings to corporate governance? These questions require in-depth research and analysis.The topics of this paper is about the effect of the overall listing;Does it increase the value of the company; Does it improve the company's governance structure? The content of the paper can be divided into several parts. For the introduction of the first chapter, discussing the research background , papers on issues and the significance of topics; Chapter II for the Review of the literature, are divided into three levels to elaborate, including the theoretical foundation, the listing of the overall Review of the research literature, as well as the relationship between corporate governance and value of research. Chapter III explains the study methodology and municipal programme design,by designing research methods, choosing the empirical analysis of the samples; Chapter IV for the empirical analysis on the overall listing companies,is the core of this article.After test the variables and the model,the paper first make the descriptive statistical analysis about the value changes from the overall listing; then make the correlation analysis about the variables of corporate governance and the value change,in order to prove the assumption and verify whether the various indicators of corporate governance structure and the value change of firm value changed from overall listing are relevance. Chapter V for the conclusions and recommendations. Studies have shown that overall listing indeed upgrade the value,and thechang of state-owned shares ratio ,legal person shares ratio and equity ownership concentration are positive correlation,and the shares ratio and management ownership ratio change have no apparent correlation with the firm value change.This innovation of the paper is that with the use of the whole sample analysis, I make the empirical analysis about the value change from the overall listing and the change of the corporate governance structure and reach relevant conclusions.