Empirical Research of Corporate Governance and Firm Performance of Chinese New Energy Vehicle Manufacturing Enterprises

DOI

10.2991/aebmr.k.220603.005How to use a DOI?

Keywords

Corporate governance; Firm performance; New energy vehicle; Manufacturing enterprises

Abstract

As an important part of China’s carbon neutrality plan, the new energy vehicles industry has achieved rapid development in recent years, and several excellent new energy vehicle manufacturing enterprises have emerged, such as BYD. The corporate governance of such enterprises is a topic worthy of study. The purpose of this paper is to examine the relationship between corporate governance factors and corporate performance of Chinese new energy vehicle manufacturing enterprises using publicly traded companies as examples and to make some recommendations on how to improve their corporate governance performance. This research takes thirteen listed new energy vehicle manufacturing enterprises in China’s main Board Market as examples, and the period is 2017-to 2021. Select four independent variables from the corporate governance aspect and three dependent variables to represent corporate performance, adopting descriptive analysis, Pearson correlation analysis, and multiple regression analysis to explore their relationships. The results indicate that board independence positively correlates with company performance, board size and CEO duality negatively correlate with company performance, and board activity has no correlation with company performance. As a result, it is recommended that Chinese new energy vehicle manufacturing businesses maintain a suitable board size, engage independent directors, and decouple the CEO and chairman roles, which will benefit corporate performance to some extent.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Hanlu Ling
PY  - 2022
DA  - 2022/07/01
TI  - Empirical Research of Corporate Governance and Firm Performance of Chinese New Energy Vehicle Manufacturing Enterprises
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 22
EP  - 29
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.005
DO  - 10.2991/aebmr.k.220603.005
ID  - Ling2022
ER  -