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

The theory of bonding hypothesis provides 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.