上市模式代理成本和公司绩效基于中国上市公司经验证据.pdfVIP

) ) ) 基于中国上市公司的经验证据 , ( , 710049) : 2003~ 2007 A 184 184, : , , : ; ; : F276. 6 : A : 1001- 8409( 2010) 09- 0081- 06 L is t in g Mode, Ag e n c C os t a n d Com p an P e r fo rm a n ce ) ) ) Emp iricalEvidence based on Ch ina Listed Companies GUO H ai2xing, WAN D 2i fang (School ofManagement, Xian Jiaotong University, Xian 710049 ) Ab stra ct: B comparative research between 184 overall listed companies and segm ental listed compan ies in Ch i2 neseA- share listed companies from 2003 to 2007, this paper empiricall tests the relation bewt een listingmode and wt o t pes of agenc costs and the relation bewt een listing mode and compan performance. The results find that the first t pe of agenc cost is significantl higher than that of segmental listed companies, but there is no sig2 nificant difference in the second t pe of agenc cost bewt een holistic listed companies and segm ental listed compa2 nies. Further, the compan performances of the overall listed companies are sign ificantl higher than that of seg2 mental listed companies. K ey w or d s: listingmode; agenc cost; compan performance , 90 , , , , , , , /0 , 2007, , , 1400 70% , , , 80% [ 1] , , , , ,