Does Corporate Governance could Improve Super Profit? Evidence of Information Listed Company in China

Corporate governance is important issue to set up modern enterprise mechanism, but literature has not pay attention to the relationship between it and super profit. With the data of information listed company in China, the paper studies the impacts of corporate governance on super profit. It shows that the total share ratio of top 5 large shareholders, the balance of the chairman and the general manager, the size of monitoring directors and the total income of top 3 directors have positive impacts on super profit, but the shareholding ratio of the largest shareholder, z index have negative influence on super profit. The paper answer the question of what are the source of super profit, which are likely to benefit for the development of corporate governance in theory and practice.