利用面板数据模型,选择合理的公司治理和系统风险代表指标,以我国上市公司为案例实证研究公司治理与上市公司系统风险的关系,结果表明,上市公司的公司治理水平与其系统风险具有显著关系。
This paper selects the representative indicators by panel data model to study the relationship between corporate governance of listed companies and their systematic risk in China. The result shows that corporate governance has significant relations with systematic risk.