Research On The Correlation Between Governance Structure And Business Performance Of School-run Enterprises

As an important carrier to promote the transformation of high-tech achievements and the improvement of scientific research strength,school-run enterprises in China have achieved certain development achievements.However,since the 21 st century,the development of school-run enterprises in the formulation of corporate strategy,internal governance,external expansion and merger,corporate culture construction and other aspects of the problems are increasingly prominent,and seriously hindered the operation of enterprises.Analyzing the current governance status of school-run enterprises can further clarify the reasons that hinder the development of school-run enterprises.On the one hand,this paper takes Unigroup Group as an example,analyzes the main problems existing in the enterprise from the development status of the group,and explores the influence of the internal governance structure of Unigroup Group on business performance by case analysis.On the other hand,18 listed school-run enterprises are selected as the analysis samples,and the analysis indicators and corresponding data of governance structure and business performance are selected.Using SPSS software and taking the cross-section data of 18 school-run enterprises in2020 as data samples,the research hypothesis is proposed combining theory with practice.Through correlation analysis and regression analysis,the hypotheses are testedThe following conclusions are drawn: the indicators reflecting corporate governance structure and corporate performance do not have statistical significance.Under the condition that other factors remain unchanged,the improvement of ownership concentration has a positive impact on the asset operation and expansion of business performance.Under control variables,the degree of equity balance is negatively correlated with debt paying ability and asset operation ability.When other factors are certain,the proportion of state-owned shares has a positive impact on the solvency of enterprises,and the equity incentive of senior managers has a positive impact on the solvency and asset operation ability of enterprises.In view of the research conclusions,the countermeasures to improve the governance structure of school-run enterprises are put forward: optimizing the ownership structure of school-run enterprises from the following three aspects: appropriately increasing the concentration of ownership,increasing the proportion of state-owned shares and maintaining a reasonable balance of ownership;Improve the internal governance of university-run enterprises from three aspects: optimizing the composition and decision-making procedure of board of directors and board of supervisors,and establishing reasonable internal incentive system;to make full use of the innate advantages of universities and establish their own advantageous industries,it is necessary to give full play to the economic value and social value of university-run enterprises.