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An Empirical Analysis of Governance Effect of Listed Companies with Management Buyout on Corporate Performance

The efficiency of corporate governance is reflected by the performance of a company, which means corporate governance has the positive and negative effects on the performance of this company. Based on the discussion of the theoretical basis of governance efficiency, this paper takes the listed company with management buyout (MBO) in China as samples and makes an empirical analysis of their governance effecting in 2008. Besides, it probes that the relationship between the proportion of shares held by managers and corporate performance, and the range effects of the proportion of shares.