The impact of stakeholder participation in corporate governance on corporate performance of manufacturing listed companies
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DOI: 10.23977/gebm.2019.024
Corresponding Author
Jiaojiao Mao
ABSTRACT
This paper mainly studies the relationship between corporate governance and corporate performance in China's manufacturing listed stakeholders from 2014 to 2016. Under the situation of current manufacturing listed companies, research shows that the substantial shareholders, executives, government, employees participate in the level of corporate governance can significantly have positive influence on enterprise performance. Other stakeholders, such as suppliers, clients, the degree of the environment or community participation in corporate governance does not have significant influence on corporate performance. Even for the small and medium-sized shareholders and creditors, the higher the degree of their participating in corporate governance, the lower the corporate performance will be.
KEYWORDS
Corporate governance, Corporate performance, Stakeholders