Financial performance is an indicator to measure the strength of a company’s business operation capability,which is of great concern to enterprise managers,external investors,and government regulators.Based on the da...Financial performance is an indicator to measure the strength of a company’s business operation capability,which is of great concern to enterprise managers,external investors,and government regulators.Based on the data of Chinese listed companies from 2012 to 2016,this paper included government administrative penalties regulation into the study of factors influencing corporate financial performance and conducted an empirical analysis.The research shows that punitive supervision has a significant negative impact on corporate financial performance;rectifying the effect on financial performance would increase the operating cost.Simultaneously,the degree of punitive supervision will also affect corporate financial performance,with the financial performance of listed companies subjected to severe punitive supervision being poorer.展开更多
Subject Code:C14 With the support by the National Natural Science Foundation of China,the research team led by Prof.He Zuhua(何祖华)at the National Key Laboratory of Plant Molecular Genetics and National Center of Pla...Subject Code:C14 With the support by the National Natural Science Foundation of China,the research team led by Prof.He Zuhua(何祖华)at the National Key Laboratory of Plant Molecular Genetics and National Center of Plant Gene Research,Shanghai Institute of Plant Physiology&Ecology,Chinese Academy of Sciences,展开更多
文摘Financial performance is an indicator to measure the strength of a company’s business operation capability,which is of great concern to enterprise managers,external investors,and government regulators.Based on the data of Chinese listed companies from 2012 to 2016,this paper included government administrative penalties regulation into the study of factors influencing corporate financial performance and conducted an empirical analysis.The research shows that punitive supervision has a significant negative impact on corporate financial performance;rectifying the effect on financial performance would increase the operating cost.Simultaneously,the degree of punitive supervision will also affect corporate financial performance,with the financial performance of listed companies subjected to severe punitive supervision being poorer.
文摘Subject Code:C14 With the support by the National Natural Science Foundation of China,the research team led by Prof.He Zuhua(何祖华)at the National Key Laboratory of Plant Molecular Genetics and National Center of Plant Gene Research,Shanghai Institute of Plant Physiology&Ecology,Chinese Academy of Sciences,
