Abstract

Corporate governance in a country between different companies are quite different. Nankai University, corporate governance index to measure the level of corporate governance, based on assumptions set by regression analysis of the differences in governance reasons can be found, the level of the main corporate governance and its ownership structure, level of performance, growth, risk conditions and the scale factors, and external economic developments, the legal environment will raise the level of governance has a significant role in promoting. These results have strong robustness. There are great differences in corporate governance among companies within one country. Based on setting some hypothesis, we use corporate governance index of Nankai University to measure the level of companies and then analyses the cause of differences in corporate governance through regression. The results indicate that a company's level of corporate governance is mainly related to its ownership structure, performance, growth, risk situation and size. Moreover, the external economic development and legal environment can also notably enhance its corporate governance, which are approved.