Analysis On The Internal Governance Of Listed Companies On

Nasdaq’s success not only created a large number of high-tech enterprises, but also led the world’s new wave of innovation, making the U.S. economy maintain a stable growth in the following decades. And China’s Growth Enterprise Board after 7years of development, has made good achievements. As China’s most dynamic and creative company, the Growth Enterprise Board is given great expectations. Expect it to play its role in leading the economic development of the new direction of the industry and promoting industrial restructuring, to ensure the steady development of China’s economy. But in recent years, the Growth Enterprise Board companies have also been some negative reports, financial fraud, illegal holdings of executives,growth performance is not outstanding issues such as frequently, which led us to think and research interest in GEB corporate governance.Through researches corporate governance literature found that domestic research on corporate governance mostly focused on the motherboard, lack of attention to the GEB, and the single most comparative research. Coupled with China’s capital market imperfections, the GEB system is not perfect, and many corporate governance research results for the motherboard do not apply to the GEB. In this paper, we choose the GEB companies data of 2014 as samples, according to the shareholders of Board governance, management governance, conference governance four dimensions,selected 13 internal governance factors as independent variables, select the net assets yield and Tobin Q as a dependent variable, use the method of principal component analysis and regression analysis to analyze all corporate research various factors.Through the analysis, we found that Growth Enterprise Board companies in different dimensions of corporate governance are different. Shareholder governance has the greatest impact on the performance of the GEB. Followed by the management of governance, the impact on the performance of the company is also very significant.And the impact of the board of Directors Governance on the company’s performanceis not very large, only part of the relevant. There was no significant correlation between conference governance and corporate performance. Different governance factors have different effects on the performance of the company.