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本文以目前上市的81家高科技企业为样本,运用实证研究的方法,研究了战略投资者的引入对高科技企业公司治理与公司绩效的关系。实证的结果表明:高科技企业公司治理绩效与战略投资者在股东大会持股比例呈负相关关系;与战略投资者在股东大会的数量呈正相关关系;与战略投资者担任董事的比率呈正相关的关系;与其担任独立董事的比率呈正相关的关系;与其担任高管层的规模呈负相关的关系;与担任外部监事的比率呈正相关的关系。这一结果为我们改善高科技企业公司治理与绩效提供了有益的决策支持。
In this paper, 81 high-tech enterprises listed at present are used as samples to study the relationship between strategic investors and high-tech corporate governance and corporate performance. The empirical results show that the corporate governance performance of high-tech enterprises is negatively related to the proportion of strategic investors in the shareholders ’general meeting, positively related to the number of strategic investors in general shareholders’ meetings, and positively to the ratio of strategic investors to directors. Relationship with the company as an independent director; a negative relationship with the scale of its role as a senior executive; and a positive relationship with the ratio of being an external supervisor. This result provides us with useful decision-making support for improving the corporate governance and performance of high-tech enterprises.