School of Management, Xi’ an University of Science and Technology
Xi’ an Qujiang Datang City Operation Service Co., Ltd.

传统能源企业不仅要紧密关注外部环境的变化,更应积极寻找正确道路以建立合理有效的内部治理机制,提升治理效率从而促进企业做出科学有效的投资决策。以能源行业为例,选择股权结构、董事会治理及激励制度三方面的财务数据,从公司内部治理的角度采用Richardson残差度量模型和多元回归分析得出其对投资效率产生了积极影响的结果。提升能源企业内部治理水平有利于其投资效率的提高,并从股权结构、董事会治理、激励机制等方面提出了对策建议。

Traditional energy enterprises should not only pay close attention to the continuous changesin the external environment, but also actively seek the right path to establish a reasonable and effectiveinternal governance mechanism, improve governance efficiency, and promote enterprises to make scientific and effective investment decisions. Taking the energy industry as an example, the financial data ofequity structure, board governance and incentive system were selected, and the Richardson residualmeasurement model and multiple regression analysis were used from the perspective of internal governance to obtain the results that had a positive impact on investment efficiency. Finally, it is concludedthat improving the internal governance level of energy enterprises is conducive to improving their investment efficiency, and countermeasures and suggestions are put forward from the aspects of equitystructure, board governance and incentive mechanism.

陕西省软科学研究计划项目(2020KRM126)