earticle

영어

With the development of network technology, the traditional business process and organizational structure has been changed, the financial governance of the enterprise also changes in various aspects. In this paper, the author analyzed financial governance efficiency of listed companies by using data envelopment analysis. In empirical analysis, we select input indicators from two aspects as financial governance structure and financial governance mechanism; financial governance mechanism includes decision-making mechanism, incentive mechanism and supervision mechanism. The result shows that asset-liability ratio has a small decline after 2012, the average asset liability ratio has dropped to 40%, this shows that the asset liability ratio has a significant impact on the efficiency of the financial governance of the listing Corporation. On this basis, we put forward relevant policy recommendations.