| Under the wave of reform in China,the improvement of corporate governance structure of Chinese security companies has become an important premise for the long-term compliance operation of security market.The problem of corporate governance structure may cause the security companies violations under the seduce of profit,and mass amount of fraudulent information could be generated in the investment market.Therefore,there is a direct relationship between corporate governance and mitigation of risks.And the improvement of corporate governance structure will reduce violations and assure the development of investment market.The purpose of this paper is to study the correlation between the irregularities and the domestic security companies using empirical research methodology.This paperstudies the correlation between the governance structure and the risk of irregularity in China's security companies,and analyzes the impact of the research on the risk of its violation from the ownership structure,the board structure and the executive structure in the governance structure.We take 102 public security companies violation cases from 2012 to 2016 as a sample,and summarize the current status of domestic security companies based on the sample.Through empirical research,we identify six key variables and we use two control variables to perform binary logistic regression and to explore the extent of correlation between the key variables and the sample.The research results show that there is a certain level of correlation between the governance structure and the violation risk,especially the large shareholders' holding proportion,the number of directors and the number of executives.Based on the conclusion,we make some suggestions on the governance structure of security companies to reduce irregularities and to promote the development of security business.Therefore,this paper has a significant influence on both theoretical and practical dimensions. |
PDF Full Text Request