A Study On The Influence Of Corporate Governance Effect Of The Market Value Management

In May 2014, promulgated by the state council "about to further promote the healthy development of capital markets several opinions, for the first time put forward" the value of listed companies are encouraged to establish management system ", marked the value management into a new era. Value as an important index to evaluate the company, to appropriate management is one of the important tasks of the company authorities, this also proves that in the process of value management, corporate governance has very important position. So this article will value management performance in relation to the corporate governance, and select the data to carry on the empirical analysis of listed companies in our country.This paper existing value management research results at home and abroad, this paper introduces the connotation of the value of corporate governance and management, market management evaluation system, and the MM theory, shareholder value management theory, stakeholder theory, the three major theoretical basis. On this basis, from the four main aspects of corporate governance effect to the enterprise value management has carried on the qualitative analysis, the influence of the assumptions are put forward. Based on 2010-2014 in the gem, small and medium-sized board, main board listed companies as the basic research of the plates samples, according to the factors on the impact of corporate governance on value management effect selection control variable, follow the principle of empirical study, build the regression model. Through the empirical analysis finally concluded: the market value of enterprise management effect has an inseparable relationship with corporate governance. Which will enhance the enterprise the equity concentration, increase the number of the board of directors meeting, improve the management equity and improving the prison dong high salary can make the effect of market value management was improved. As for the size of the board of directors, the size of the independent director and the number of annual meeting of the board of supervisors, there was no significant correlation with the effect of market value management. In this paper, through the empirical study conclusion, and then from the perspective of corporate governance for how to strengthen the management of enterprise’s value put forward Suggestions and countermeasures, in order to improve the level of the effect of our country’s market value management provides a theoretical and empirical support.