Founder Governance and Corporate Performance: An Empirical Analysis Based on Chinese Internet Listed Companies

摘要

The study of the relationship between the founder of governance and corporate performance in recent years attracted academic attention. Based on the sample of 2010-2016 years Internet listed companies in Shanghai and Shenzhen stock markets, this paper validates the relationship between founder governance and corporate performance through the construction of empirical model, and finds that the increase of founder's shareholding ratio can improve the financial performance of Internet listed companies, but It has nothing to do with market performance. The founder's senior management can improve the financial performance of the enterprise, but it has nothing to do with the market performance. At last, this paper gives some suggestions for improving the founder governance and corporate performance improvement of Internet companies.