A Study Of The Impact Of Corporate Governance Structure On Corporate Operating Performance's Regional Differences

About the impact of corporate governance structure on enterprise operating performance,in modern enterprises,especially joint-stock enterprises,has become an inevitable topic in the process of operation and management.Although the relationship between corporate governance structure and operating performance of listed companies research still heat,there are few points region to discuss,thus ignore an important external factor which is the regional differences.Because the strength of the construction of the western region in China has been consistent,eastern and western regions have different policies,such as the 2010 published “The central committee of the communist party of China,the state council on further implementing the western development strategy of the several opinions” and 2012 compiled the "Western development" twelfth five-year "plan",until now still emphasize "much starker choices-and graver consequences-in" to promote balanced development among regions,in-depth implementation of the western development,prosper the revitalization of northeast base,rise the central region and support the eastern region to lead the other country in development,radiating and driving rest better.As China's vast,rich resources,regional political,economic,cultural,social and other aspects of difference,led to the corporate governance structure has had different effects on corporate operating performance.Therefore,this article from the features of three areas on the relationship between the corporate governance structure and business performance to analyze the regional harmonious development of our country has a guiding role and practical significance.This article selects the 2013-2015 in Shanghai and Shenzhen listed companies as the research object,from the features of the board of directors,board of supervisors and senior managers incentive to analyze,on the eastern,central and western China's corporate governance structure,respectively,has carried on the descriptive statistical analysis,and then to these areas from the four aspects of corporate governance structure of the company's operating performance influence has carried on the empirical analysis.Through the analysis found that between 2013 and 2015,equity structure in terms of ownership concentration and only the eastern region has significant positive correlation of listed companies,a significant relationship between the board structure on features three areas is not stable,the board of supervisors in terms of three areas has no significant correlation,executive incentive in terms of salary incentive has a significant positive correlation in three areas,rate of assets and liabilities of control variables have a significant negative correlation in three areas.Through the comparison and analysis,can provide different advice to perfect corporate governance structure for these ares,especially for the development of the western region of the listed company to provide reference.