A Study On Distribution Of Financial Power In China

Recently, the environments of financial management in China have changed a lot. Based on the new environments, this paper tries to provide a comprehensive and systematic sum-up of the distribution of financial power, which is the core of corporation governance. According to the theory of New Institutional Economics and Modern Financial Governance, and by using Modern Corporation Theory, Management, Organizational Behavior, Finance of Longlomerates, Financial Strategic Management and Game theory, this paper tries to distribute the powers among different financial partners feasibly, so as to minimize the conflicts of interests and maximize the aggregate benefits. Also, we can economize the transaction cost, increase the comparative advantage of the internal organization resource, and improve the financial resource distribution. This paper also finds out the changes and actuality of the distribution of financial power in Chinese enterprises and forecasts the further study and point out the limitations.There are six chapters in this paper:Chapter I: Introduction. This chapter supplies a description of the framework in this study, and gives some relative definitions and hypothesis about the distribution of financial power.Chapter II: A study on the macroscopical and microcosmical factors that affect the distribution of financial power in corporations. This chapter we discuss the macroscopical factors and microcosmical factors which affect the distribution of financial power in corporations. The macroscopical factors include: the legislative and policy environments, the economics environments and society environments. The microcosmical factors is about the property of corporations, industries, mode of management, size, the forms of organization, the structure of organization, the structure of governance, developing phases, the types of strategy. At last, we analyze the relationship of the financial power distribution, financial management and corporation management.Chapter III: A study on the distribution of financial power among stakeholders. At first, we discuss how to coordinate the financial objective of the firm and elucidate a game theory model to settle down the problem. Then, we draw a picture about the...