Empirical Analysis of Listed Agricultural Corporate Governance Structure and Corporate Performance

Beijing Jiaotong University, Beijing, China

^a 19120686@bjtu.edu.cn

Abstract

Agriculture is the basic industry in China, and the development of agricultural listed companies is influenced by internal structure and corporate governance. An effective corporate governance structure can reduce costs to a certain extent, thereby increasing company value and overall strength. This paper selects the financial data of 2013-2018 A-share agricultural listed company in Shanghai and Shenzhen as a sample, puts forward the hypothesis through theoretical analysis, conducts Pearson correlation test on the sample data, and constructs multiple regression model to verify the three aspects of corporate governance structure. The relationship between corporate performance and research results shows that the relationship between equity concentration, equity balance, executive compensation and corporate performance of agricultural listed companies in China is in a “U” shape, and the size of the board of directors is significantly positively correlated with corporate performance to some extent, while the correlation between other governance structural factors and firm performance is not significant.