Abstract: From the perspective of corporate governance, the data of A-share listed companies in China's real estate industry from 2012 to 2016 was used to empirically analyze the influencing factors of working capital management performance. It was found that the ratio of independent directors, the percentage of directors, supervisors, top three senior executives, and media attention had a dampening effect on the management performance of working capital of real estate listed companies, the proportion of supervisors and the managerial ownership had a positively related effect on the performance.