Empirical Study On The Influence Of Financial Governance On Financial Performance Of Listed Companies

In the end of the20th Century, since the establishment of the securities market, with the development of the market economy of our country, the securities market system and the relevant laws and regulations are maturing. In the meantime, many problems stand out, one of the most outstanding issues is corporate governance of listed company. Some problems, for instance,"internal control", financial fraud and misappropriation of assets etc, caused by the listed companies’fovernance defects ensued. Corporate governance problems of listed company in China have become a strong resistance to the healthy development of China’s stock market. In this context, financial governance theory emerged. The theory of financial governance is a innovative theory by Chinese scholars proposed firstly and its core is the rational allocation of property rights within the different stakeholders. Financial governance uses this configuration to adjust the status of the stakeholders in the financial system, thereby enhancing the efficiency of the dynamic system of corporate governance arrangements. The emergence and development of the theory about financial governance, as well as widely used in the practice of listed companies, set the key for solving the special governance, and pointed out a new direction for increasing the enterprise performance start from financial governance.This paper reviewed the research about domestic and international status of financial management firstly, and made the normative research as a starting point. This paper mainly introduced the basic theory of financial management content. Defined the connotation of the financial management, financial management of the subject, object and purpose on the analysis of the existing research results. At the same time, this paper explored the financial management theory of the generation and development theory basis. On this basis, combining with the listed companies in China about financial management practice, this paper introduced the listed company in the financial governance achievements have been made. At the same time, the paper analyzed the listed companies in financial management existing prominent problems. For more in-depth reveal the cause of the problem and put forward practical suggestions, this paper made empirical research on financial governance effect the performance further. The empirical research to listed company related data for object, using correlation analysis and regression analysis. This paper followed the basic idea of the empirical research to set a model and make the model test. Finally, the paper provided some suggestions to improve financial governance and corporate performance on the basis of the analysis of the results of empirical.