Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China

Research Article

The Effect of Corporate Governance for the Leverage of Companies -----Taking Chinese Manufacturing Companies as An Example

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  • @INPROCEEDINGS{10.4108/eai.18-11-2022.2326755,
        author={Shiyang  Chen},
        title={The Effect of Corporate Governance for the Leverage of Companies -----Taking Chinese Manufacturing Companies as An Example},
        proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China},
        publisher={EAI},
        proceedings_a={ICEMME},
        year={2023},
        month={2},
        keywords={capital structure corporate governance manufacturing firms board},
        doi={10.4108/eai.18-11-2022.2326755}
    }
    
  • Shiyang Chen
    Year: 2023
    The Effect of Corporate Governance for the Leverage of Companies -----Taking Chinese Manufacturing Companies as An Example
    ICEMME
    EAI
    DOI: 10.4108/eai.18-11-2022.2326755
Shiyang Chen1,*
  • 1: Accounting and financial management university of Sheffield
*Contact email: 2994812160@qq.com

Abstract

Effective corporate governance is regarded as a powerful means to improve the competitiveness of enterprises. In the Context of China, research on corporate governance and capital structure exists, but the scope of consideration is too large and the specific conditions of specific industries are ignored. The research samples were data panels of 100 listed manufacturing enterprises from 2015 to 2019. SPSS and reviews software was used to conduct empirical tests on the data using descriptive analysis, paired sample T-test, correlation and multiple regression analysis. Among them, descriptive analysis was used to calculate the mean value and variance of experimental variables, and paired sample T-test was used to conduct a comparative analysis of corporate governance structure in 2015 and 2019 to find out the degree of corporate governance structure change in these five years. In addition, correlation and multiple regression analysis are to analyze the relationship between corporate governance structure variables and corporate leverage ratio. The purpose of this study is to empirically study whether corporate governance attributes will affect the capital structure decisions of listed manufacturing companies in China, so as to improve and supplement this level of research.