The Research On Financial Performance Of Listed Companies And Its Influencing Factors In Jilin Province

China’s securities market development for more than20years, listing Corporationhas become a leading actor on the stage of the market economy, and made importantcontributions to the economic development of our country. Since1993northeastHualian listed in the SSE, the listing Corporation to flourish, as of the end of2012,the number of listing Corporation of Jilin province already amounted to38, not onlythe prosperity of the economy of Jilin Province, but also in solving the employmentproblem, the adjustment of economic structure, increasing financial and income andother aspects also play a huge role. But the listing Corporation in Jilin province atpresent situation, the listing Corporation management performance is far behind thenational average level in terms of quantity, the adverse situation in most enterpriseshave not yet out of high input, low output, low efficiency, the problems that corporategovernance is not standardized and internal control system is not perfect still exist.How to improve the financial performance of the listing Corporation in Jilin provincehas become a key problem in front of us. Therefore, this article conducts the researchto the internal and external factors affecting the financial performance of listingCorporation in Jilin Province, and reveals the influence mechanism and puts forwardthe corresponding countermeasures, in order to provide theoretical support andpractical guidance to enhance the financial performance of the listing Corporation.This paper first systematically elaborated on the principal-agent theory, stakeholdertheory and system theory, which is the theoretical basis for this study. On this basis,this paper analyzes the status of listing Corporation in Jilin Province, and points outthe existing problems in the development of Jilin province listing Corporation. In thispaper, it is from two angles of external, internal respectively to study the factors thataffect the financial performance of the listing Corporation in Jilin province. In thestudy of factors of external influence, this paper uses the PEST analysis method,carries on the research from five aspects of government behavior, legal system, economic environment, culture and value concept, technological environment,analyzes the effect of these five factors effect on financial performance and influencemechanism. In the internal factors, this paper is from the six aspects of the capitalstructure, ownership structure, the establishment of audit committee, independentdirectors, board of supervisors, executive incentive, and has carried on the empiricalanalysis. After studying in external factors and internal factors, this paper based onsystems theory, constructs the theoretical model of financial performance of thelisting Corporation in Jilin province. Finally, aiming at the existing problems in Jilinprovince listing Corporation, this paper proposes suggestions to improve the financialperformance of the listing Corporation in Jilin province from two aspects ofgovernment and company.