{"title":"THE ANALYSIS OF CORPORATE PERFORMANCE AND GOVERNANCE ON INDUSTRY COMPETITION RATINGS IN CHINA","authors":"Jo-Hui Chen, W. Yeh, Sabbor Hussain","doi":"10.1142/s2194565922500063","DOIUrl":null,"url":null,"abstract":"This paper studies the influence of corporate performance and governance on the rating of industry competition degrees from 2012 to 2016. This study uses the ordered logit model and focuses on the non-manufacturing and manufacturing industries from the acquisition perspective and evaluates the rating change of industry competition. The results found that Tobin Q, Earnings Per Share, Management Layer Total Annual Salary, and Number of Board Directors impact the rating changes for industry competition. The manufacturing enterprises can improve the value and income by increasing investment when the market is more concentrated. It can expand the size of the board of directors and reduce compensation to improve the governance ability of the management. The corporate performance and governance of manufacturing industries are more competitive than non-manufacturing industries in the monopolized market. The government offers an efficient manufacturing ecosystem, emphasizes governance policies, and reduces M&A taxes helping localization and industry competition.","PeriodicalId":44015,"journal":{"name":"Global Economy Journal","volume":"21 1","pages":""},"PeriodicalIF":1.0000,"publicationDate":"2022-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Global Economy Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1142/s2194565922500063","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This paper studies the influence of corporate performance and governance on the rating of industry competition degrees from 2012 to 2016. This study uses the ordered logit model and focuses on the non-manufacturing and manufacturing industries from the acquisition perspective and evaluates the rating change of industry competition. The results found that Tobin Q, Earnings Per Share, Management Layer Total Annual Salary, and Number of Board Directors impact the rating changes for industry competition. The manufacturing enterprises can improve the value and income by increasing investment when the market is more concentrated. It can expand the size of the board of directors and reduce compensation to improve the governance ability of the management. The corporate performance and governance of manufacturing industries are more competitive than non-manufacturing industries in the monopolized market. The government offers an efficient manufacturing ecosystem, emphasizes governance policies, and reduces M&A taxes helping localization and industry competition.
期刊介绍：
The GEJ seeks to publish original and innovative research, as well as novel analysis, relating to the global economy. While its main emphasis is economic, the GEJ is a multi-disciplinary journal. The GEJ''s contents mirror the diverse interests and approaches of scholars involved with the international dimensions of business, economics, finance, history, law, marketing, management, political science, and related areas. The GEJ also welcomes scholarly contributions from officials with government agencies, international agencies, and non-governmental organizations. One over-arching theme that unites IT&FA members and gives focus to this journal is the complex globalization process, involving flows of goods and services, money, people, and information.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
