Share Reform Period Private Listed Companies Corporate Governance And Performance

In a short span of 17 years, Chinese capital market has become the fifth in the world's stock markets from scratch. The market value of A shares is equal to Chinese GDP and has a very great potential in the future. It also match its status in Chinese economic. Listed companies of private in the capital markets take the same position which can not be ignored and play an important role.In recent years, corporate governance is a wide range of concerns in the field of financial of companies. Non-tradable shares which is unique to Chinese capital market has great impact on the corporate governance and the performance of listed companies. The private enterprise economy account for about half of Chinese economy. As the typical representative group, what is the major changes of the corporate governance and performance in the non-tradable share reform? How does it represent corporate governance and corporate performance in the listed companies'level. When the reform have finished basically, how about the differences? We will instruct these specific cases in this article one by one.Although the corporate governance and performance is a very broad scope, this article focuses mainly on the governance structure of listed companies of private and the comparative analysis of a key factor about the performance.This article focused on the changes of the main variables and performance indicators of listed companies of private after the reform of non-tradable shares. At the same time we analyze the cases about the governance and the level of performance of listed companies of private in Sichuan Province during the reform. Around the changes of the companies'value before and after the reform, we recognize the importance of full circulation market value of listed companies on the shape of corporate governance and performance.Finally, according to the actual situation of listed companies of private and considering the corporate governance and the key factors of the management of performance, we give some practical and operable corporate governance measures, in order to identify ideas and suggestions for enhancing corporate governance and performance and improve the state of governance and performance for the listed companies of private and also provide some real references.