Abstract: Based on a balanced panel data of listed securities companies from 2013 to 2015,the influences of internal governance on enterprise growth were investigated from the following five aspects：board of directors,executive incentive,ordinary staff input,the board of supervisors and ownership structure. The results showed that, among elements of corporate internal governance,there was a positive correlation between enterprise growth and the executive pay level,human capital investment and ownership concentration ratio,meanwhile,there was a negative correlation between enterprise growth and the number of board meetings,the scale of the supervisory board.

Key words: securities company, corporate internal governance, human capital, enterprise growth