Research On The Influence Of Corporate Governance Structure On Financial Performance Of Financial Enterprises

In order to coordinate all stakeholders perfectly,corporate governance must be carried out.As a system,corporate governance has attracted the attention of all stakeholders.Financial performance of enterprises is the main form of current corporate Executives’ goals.Effective corporate governance can better coordinate the interests of executives and shareholders,so that the managers and owners of companies can coordinate.In order to improve the level of enterprise performance and protect the economic interests of enterprise stakeholders.Therefore,this paper takes listed financial enterprises as the research object,constructs panel data mixed OLS model,and conducts in-depth research on the impact of corporate governance on corporate financial performance.The main research contents of this paper include: Firstly,the research background,research object and research significance of corporate governance are elaborated,which lays a solid foundation for the research of this paper.The second is to sort out and summarize the domestic and foreign research literature,which determines the specific research content,research framework and research methods of this paper.Thirdly,it defines the concept of the subject of this study,makes a concrete analysis of the relevant theories and concepts involved in this study,and summarizes them.These theories include but are not limited to stakeholder theory,principal-agent theory,and expounds the evaluation methods of enterprise financial performance.Fourthly,it puts forward relevant hypotheses,and establishes a financial performance evaluation model from the dimensions of the nature of corporate governance equity,the characteristics of board of directors,the characteristics of board of supervisors and management incentives,and explains the variables in the model.Fifth,carry out empirical research.This paper makes descriptive statistics and correlation analysis of variables of enterprise financial performance evaluation model,and then makes regression analysis of each dimension of corporate governance based on panel data,and draws empirical conclusions.Sixth,put forward practical suggestions to optimize corporate governance and improve corporate performance.This paper draws the following conclusions: the financial performance of an enterprise has little to do with the nature of the company’s equity,the number of senior managers and the remuneration of the top three senior managers,but has a positive correlation with the remuneration of the top three directors,the concentration of equity,the proportion of circulating shares and the proportion of independentdirectors.That is to say,the higher the financial performance of an enterprise,the proportion of circulating shares and the proportion of independent directors.The bigger the example,the opposite is true.However,the equity balance and the proportion of institutional investors are negatively correlated with the financial performance of enterprises.In addition,the higher the financial performance of the enterprise,the larger the size of the internal board of supervisors,and vice versa.That is to say,the financial performance of an enterprise is positively correlated with the size of the board of supervisors.The innovations of this paper are as follows: This paper establishes an empirical model of mixed OLS with fictitious variable panel data,which makes the sample scope of this study wider,the research more rigorous,the problem description clearer,and better reflects the influence factors and degree of corporate governance structure on financial performance of listed financial enterprises.In addition,in terms of the research object,it is of practical significance to conduct a special study on listed financial enterprises.To explore whether the number of executives can have a certain impact on the financial performance of enterprises,which greatly enriches the study.