Asymmetric Information, Financial Intermediation And Corporate Governance

The most difficult problem which our corporization reform come across is that theabsence of the main investment of stake-owned stocks, which makes it difficult for ourSOE to form efficient corporate governance. However, as outside investor, the interestof financial intermediation is violated by inside manager. Herein the limitation ofcorporate governance, there is some particularity between corporate governance andfinancial intermediation, which also calls for necessity of study.The first chapter expatiates the current international and national environment offinancial intermediation interfering corporate governance, the significance of study andthe basic theory. The second chapter analyses the problem of corporate governancebased on asymmetric information, and the relationship between financial intermediationand corporate governance. The third chapter theoretically explores the financialintermediation interfering corporate governance from many aspects. The fourth chapteris based on the review of reality. Analyse the situation of financial intermediationinterfering corporate governance in America, Japan and Germany. The last chapterestablishes the model of financial intermediation interfering corporate governance basedon the asymmetric information, which takes action through controlling right mechanism.In a word, although there is something unsuitable, policy can create preferableeconomic environment, boosting up incentive and minishing handicap.