Study on Listed Companies'Competitiveness Appraisal Based on the Matching of Corporate Governance and Management

摘要

The view of competitiveness of listed companies depends on four dimensions such as corporate governance, management, technology and culture and the technology and culture is the foundation elements of the eventual adoption of governance and management was proposed based the study of the literature on competitiveness. The appraisal index system and model of the listed companies was built based on the matching of corporate governance and management. With the 2001-2004 fiveyear panel data of Chinese listed companies, the empirical studies shows that the competitive level is not high as the reason of poor corporate governance. The analysis of variance showed a significant difference, both corporate governance and competitiveness between different years, different industries, different provinces and different ultimate control of listed companies. This indicates that to start with the system through enhancing the competitiveness of corporate governance, and further promote and enhance the financial strength of listed companies to improve overall competitiveness is the fundamental elements of raise the level of competitiveness of the listed companies.