文章基本信息

标题：Study of the Influence of Corporate Governance Level on Investors’ Confidence
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作者：Xiaolu LI ; Jieji LAI ; Jian TANG 等
期刊名称：Canadian Social Science
印刷版ISSN：1712-8056
电子版ISSN：1923-6697
出版年度：2016
卷号：12
期号：5
页码：8-16
DOI：10.3968/%x
语种：English
出版社：Canadian Academy of Oriental and Occidental Culture
摘要：Arthur Rimbaud est un poète français légendaire du symbolisme au dix-neuvième siècle. Son chef-d’oeuvre Une Saison en Enfer marque un tournant critique dans sa pensée ainsi que dans sa vie. Dans notre article, nous essyons d’analyser les contradictions psychologiques de l’auteur et les inspirations spriturelles procurées au cours de sa création poétique par laquelle le génie se débarrasse de la lourdeur historique et du carcan religieux.
其他摘要：Stock market investment has the Sheep-Flock Effect, so investors’ confidence relates to the stability and healthy development of the stock market. The functional mechanism of investors’ confidence is complicated with many influential factors. This paper selects the factor of corporate governance level to investigate and study the great effect of corporate governance level evaluation on maintaining and increasing investors’ confidence from the perspective of investors. In this paper, the method to measure investors’ confidence and corporate governance level is improved, and the data of A-share companies listed in Shanghai Stock Exchange of China in 2011-2013 is selected as the sample to analyze the panel data. The results show that, the higher the corporate governance level is, the stronger investors’ confidence is; investors’ confidence is also influenced by the macro level of the market and the nature of various industries is different, so significances of influences of corporate governance level in different industries on investors’ confidence are not the same. At the same time, the empirical results show that investors’ confidence has a positive lag effect.
关键词：Investors’ confidence;Corporate governance;Infuluence study;Lag effect