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Financial Management Theory Research

Posted on:2005-12-05Degree:DoctorType:Dissertation
Country:ChinaCandidate:L X YiFull Text:PDF
GTID:1116360122980565Subject:Accounting
Abstract/Summary:PDF Full Text Request
Corporate governance has been a focal topic in the theory field domestic and abroad since 1980s. Influenced by this trend, some financial researchers of China put forward finance governance in view of the current theoretic research achievement in corporate governance, and expect to supply some reference for solving some issues of corporate governance. In fact, corporate finance and corporate governance are always interwoven. To solve certain questions, single measure can hardly get ideal effect, and only comprehensive research and design could effectively solve complex problems in practice. The putting forward and perfection of finance governance theory just suits the need of such comprehensive research, and quickly become a new research field of finance theory. This dissertation, comprehensively using modern finance theory, corporate governance theory, enterprise theory and property rights economics and so on, taking the special finance relation resulted from the motion of capital in different layers of enterprises as a main clue, by deep discussing the connotation, purpose of finance governance, based on the logic of enterprise property right arrangement, puts forward the basic framework for property right allocation and preliminarily sets up the finance governance system. This dissertation tries to found a relatively integrate finance governance system and framework structure, bring some interest to solving the complex financial governance issues of China.This dissertation falls into 2 parts, and 7 chapters. Part I mainly researches the fundamental theory of finance governance, and is further divided into 3 chapters. Part II mainly researches respectively on the 3 components of fiancé governance system, i.e., governance structure, governance mechanism and governance behavior standard, and it includes 4 chapters.Chapter 1, the history and current status of finance governance theory research. This chapter focus on the 2 stages of the development of finance governance theory research: preliminary exploring stage of western finance theory field, preliminary forming and founding stage of domestic finance theory field. These has already arisen the trend of integrating research in western corporate finance and corporate governance, hence engenders the beginning of finance governance theory research. However, the western finance circle does not formally put forward the concept of finance governance and does not conduct independent research on it. Using western corporate governance theory for reference, combing the innovation results of finance research with Chinese character, domestic researchers put forward finance governance structure and some other concepts, discusses finance governance structure, property right allocation and other fundamental theoretic issues, hence finance governance theory engenders independently and develops comprehensively in China.Chapter 2, fundamental theory of finance governance. This chapter discusses ordinary fundamental theory issues of finance governance such as the connotation, subject, object, purpose and so on. The fundamental theory of finance theory mainly includes capital theory, property right flow theory, owner finance theory, finance layer theory, interest relevant finance theory, modern western finance theory, corporate governance theory, enterprise theory and property right economics. Applying the above mentioned theory, this dissertation put forward that: finance governance subjects are those individuals or legal persons who are competent, qualified, willing to participate in corporate finance activities and can own certain status in corporate governance. Specifically speaking, they include: shareholder conference, board of directors, board of supervisors, managers and creditors. The objects have two forms, one being property right in the framework of governance, the other being capital in the domain of finance. The purpose of finance governance is to form rational finance governance mechanism, institution and behavior standard.Chapter 3, property ri...
Keywords/Search Tags:Finance Governance, Corporate Governance, Corporate Finance, Property Right Allocation
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