Chinese Split-Share Structure Reform and Corporate performance- Analysis the Impact of Audit Quality

• Main Authors: Jia-Sin Liu, 劉佳欣
• Other Authors: Hsiao-Wen Wang
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/33641734584390646091

碩士 === 國立中央大學 === 會計學研究所 === 99 === On April 29, 2005, the China Securities Regulatory Commission (CSRC), released the Circular on Issues Concerning the Pilot Reform of Non-Tradable Share Structure, have a view to carrying out the guidelines on promoting reform, opening and steady development of China’s capital market, and addressing the problem of non-tradable share structure, after discussion launching the pilot reform of non-tradable. CSRC statistics indicate that the end of 2006 to complete share reform companies accounted for all the listed companies more than up to 96%, but the state-owned enterprises of non-tradable shares are still subject to relevant restrictions, the company’s business performance is through the share reform has a significant impact, public focus on reform split share structure reform performance, thus this study examine companies was completed share reform , using the company’s financial performance ratio to measure the effectiveness. And after the split share structure reform change CPA Firm, the company’s long-term operating performance. The empirical results show that: 1. After split share structure reform, the company long-term operating performance has significant positive influence. 2. The company converted international the top 10 CPA Firms with long-term performance efficiency more than conversion non-international the top 10 CPA firm have significant long-term performance and positive influence.