International Conference on Construction and Real Estate Management 2016
Research on the Relationship of Listed Real Estate Companies’ Governance Structure and Financial Quality
Publication: ICCREM 2016: BIM Application and Off-Site Construction
ABSTRACT
Facing the market competition environment with supply exceeding demand, real estate enterprises have to face up to the relationship of governance structure and financial quality to achieve sustainable development. Combining the characteristics of China’s real estate enterprises, this paper, based on 2012–2014 financial data of real estate listed companies in the Shenzhen and Shanghai stock exchange, uses the principal component analysis method to establish comprehensive financial quality evaluation model. With controlling the factors such as marketing environment and size of assets, we start from the comprehensive point of different types of equity structure, board composition, management incentive mechanism, and then we utilize descriptive statistics and multiple regression analysis to determine the impact of governance structure on the financial quality. It provides reference to perfect their own corporate governance structure and improve enterprise value.
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REFERENCES
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Information & Authors
Information
Published In
ICCREM 2016: BIM Application and Off-Site Construction
Pages: 796 - 804
Editors: Yaowu Wang, Ph.D., Professor, Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., Professor, University of Alberta, Geoffrey Q. P. Shen, Ph.D., Professor, The Hong Kong Polytechnic University, and Yimin Zhu, Ph.D., Professor, Louisiana State University
ISBN (Online): 978-0-7844-8027-4
Copyright
© 2017 American Society of Civil Engineers.
History
Published online: Aug 14, 2017
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