公司内部治理机制与企业竞争力研究——“代理成本”的分析视角

A Research of Internal Governance Mechanisms and Firms' Competence——From the View of Agency Costs

竞争力是企业生存和发展的关键,创业板上市公司作为我国多层次资本市场的重要组成部分,其竞争力能否持续发展关系到我国资本市场能否健康发展。本文以我国创业板上市公司为研究样本,基于"代理成本"分析视角,构建公司内部治理各变量与公司竞争力的多元线性回归模型,对中国创业板上市公司的内部治理与公司竞争力进行实证分析,并在实证研究的基础上对如何完善我国创业板上市公司内部治理、提升公司竞争力提出了政策建议。

Competence is the crux to the survival and development of firms. Whether the competence of listed firms on GEM, which is an important part of multi-layer capital system of our country, can develop sustainably or not is related to the sound development of our capital system. In this article, by means of taking listed firms on GEM as research samples, and constructing multiple linear regression models, it conducted an empirical study between internal governance mechanisms varia- bles and firms＇ competence. And based on the empirical study, this article put forwards some measures to consummate the internal governance mechanism and improve firms＇ competence.