Abstract:

China's listed airlines from 2006 to 2011 are selected as research samples. The empirical researches on the relationship between corporate governance structure and corporate performance are more from industry-wide. Firstly,corporate governance structure indicators and corporate performance indicators of the listed airlines are selected;factor analysis is employed on the comprehensive evaluation of corporate performance;then,multiple regression analysis is used. The results show that airlines proportion of independent directors and the top three executive remuneration are significant at the 0.01 level for company performance;the top five shareholders who hold the proportion of shares,the proportion of stateowned shares,the size of the board and the executives'stake have no effect on the company爷s performance. Recommendations based on the results are finally proposed.

Key words: corporate governance structure, corporate performance, factor analysis, multiple regression analysis