股权、董事结构、高管薪酬与上市公司的竞争力

Ownership,Board Structure,Top-management Incentives and Competition of Listed Companies

在分析公司治理结构与竞争力关系的基础上,选取2006年我国上市公司的数据,建立多元回归模型进行实证分析。结果表明:我国上市公司的股权结构、董事会特征,以及高管激励机制对上市公司竞争力有着不同程度的影响,可以从这三个方面着手改善我国上市公司的治理结构,从而提升上市公司的竞争力。

On the base of illustrating the correlation of corporate governance and competition, we build a multi- linear regression model, using data of listed companies in China in 2006. We find that the competition of Chinese listed companies are affected by their ownership structure, board characteristics, and the mechanism of top-management incentives. So we can do something to improve their competition from the above three aspects.