中国房地产上市公司治理状况与企业绩效关系评价  

Relationship between corporate governance and business performance of China's listed real estate corporations

作　　者：张红[1,2] 高帅[1,2] 杨飞[1,2] 

机构地区：[1]清华大学恒隆房地产研究中心,北京100084 [2]清华大学城镇化与产业发展研究中心,北京100084

出　　处：《清华大学学报（自然科学版）》2015年第2期184-189,195,共7页Journal of Tsinghua University(Science and Technology)

基　　金：国家自然科学基金资助项目(71373143)

摘　　要：为了系统分析公司治理状况与企业绩效关系,该文结合新型资本市场的特点,以2001—2012年房地产上市公司为样本,运用因子分析法分别计算反映公司治理状况与企业绩效的合成指标,借助非参数检验和分组回归的方法研究二者的关系。研究表明:房地产上市公司治理状况与企业绩效显著正相关,改善公司治理状况能给企业带来丰厚的绩效回报。建议房地产上市公司重视改善公司治理结构,以有效提升企业绩效。The relationship between corporate governance and business performance of real estate agencies was studies using China＇s listed real estate corporations as the sample for 2001-2012, using the factor analysis method to calculate a synthesized index with a nonparametric test and grouping regression to relate corporate governance and performance. The research shows that a significant positive correlation between the corporate governance and performance, with improved corporate governance bringing a huge performance return, lasted real estate companies should take effective measures to improve the corporate governance structure to improve performance.

关 键 词：房地产市场 公司治理状况 企业绩效 因子分析 非参数检验 分组回归 

分 类 号：F239.35[经济管理—会计学]