China's Strategic Emerging Industries Of Corporate Governance And Research Competitiveness Relationship

Corporate governance is a system, which aims to promote the development of a company, the system based on the change of internal and external environment, and it is the process of company management. The level of corporate governance directly affect the overall development level and potential, has an important influence on the competitiveness of enterprises, the competitiveness of enterprises can guarantee enterprise survival and development, therefore, researching the relationship between corporate governance and enterprises competitiveness has an important practical significance.This paper mainly research the relationship between corporate governance and enterprise competitiveness, this paper commissioned by the theory of corporate governance and competitiveness theory, refer to principal-agent theory, stakeholder theory and enterprise ability theory, the relationship between corporate governance and enterprise competitiveness evaluation index system for the guidance of evaluation index, selecting representative evaluation index, hypothesis the relationships between them, the paper takes Chinese biological medicine listing Corporation in2011as an example, construct econometric models, empirical test the relationship between corporate governance and corporate competitiveness.This paper selected the top ten shareholders of board meetings, two duty condition, the independent directors to attend the meetings of the board of directors, independent directors, the proportion of the proportion of executive pay, the number of supervisors, assets and liabilities rate, corporate tax rate index of corporate governance as the explanatory variables from the ownership structure, board of directors, managers, supervisors, stakeholder ownership. The selection of evaluation index of the competitiveness of enterprises from three aspects, enterprise operation ability, development ability and profitability of the enterprise, the scale of the enterprise as the control variables, using SPSS analyses the correlation and regression, conclude the relationship between corporate governance and corporate competitiveness.Through the empirical study, this paper draw the conclusion:(1) the top ten shareholding ratio and the competitiveness of enterprises are position correlation;(2) between the two position and the competitiveness of enterprises are a positive correlation;(3) the scale of board of supervisors is related to competitiveness of enterprises;(4) corporate tax rate is positively related to the competitiveness of enterprises;(5) the size of the company and the competitiveness of enterprises is positive correlation;(6) the number of board meetings and corporate competitiveness are negatively correlated;(7) the proportion of independent directors and the proportion of independent directors in the board of directors are negatively correlated to the competitiveness of enterprises;(8) the influence of the rate of assets and liabilities and executive compensation on the competitiveness of enterprises is not significant.In this paper, the biological medicine industry as an example of the strategic emerging industry competitiveness, the study found by improving corporate governance to improve competitiveness of strategic emerging industry. According to the empirical analysis, results from the ownership structure, board of directors, board of supervisors and the internal and external environment, put forward suggestions to enhance the competitiveness of enterprises.