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Research on Impact of Dual Listing on Corporate Governance and Corporate Performance:Evidence from Chinese Dual Listed Companies

CHEN Yun1,HE Yuan-qiong2(1.School of Business Administration,Hubei University of Economics,Wuhan Hbei 430205,China;2.School of Management,Huazhong University of Science and Technology,Wuhan Hbei 430074,China)  
The theory of legal origin and bonding hypothesis provide a new perspective on the study of dual listing.This paper makes a comparison research between Chinese dual listed companies and matched sample companies only listed on Chinese mainland stock exchange,and examines the impact of dual listing on the relationship between corporate governance and corporate performance.The results show that corporate governance of dual listed companies is better than matched non-dual listed companies.However,the difference of performance between the dual listed companies and matched non-dual listed companies is insignificant.Furthermore,impact of dual listing on the relationship between corporate governance and corporate performance is insignificant.Thus,Investor should understand the value of investment of dual listed companies correctly,and the government should continue to improve the related supervision system.
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