The Research On Corporate Governance And Financial Mode

This thesis raises and argues corporate governance from the point of financing ,focusing heavily on state-owned enterprises in transmitting economics.Since 1990s,for the reasons of globlization and intense competition ,corporate governance plays more importance role in improving governance efficiency and competitive ability .The research on corporate governance become a hot issue across the world .Corporate governance solve the potential interest conflicts arising among all stakeholders through a set of formal and informal ,internal and external mechanisms .There are many factors influence corporate governance, including economics ,law ,history and ownership structure etc. This thesis pays attention on financial mode(financial method and financial structure) which affect corporate governance directly and heavily.Financial method explores the way in which enterprises raise the capital .There are many way to classify financial method .From the point of corporate governance ,it can be divided into ownership financing and debt financing. Financial structure is the mixture of different type of finance methods .In modern enterprise, corporate governance and financing have close relations .Different type of financial modes leads to different type of ownership structure .Furthermore corporate governance is determined by ownership structure .Therefore .financial mode is not only the different way of raise money ,but also a question of corporate governance .The research on the relationship of corporate governance and financial mode is meaningful.Chapter one surveys the previous researches on the concept of corporate governance and put forward the writer's comment on corporate governance in order to achieve a clear guidance of the rest part of this thesis .Chapter two discuss different type of financial method ,ownership financing and debt financing ,theoritically analysing their different roles in corporate governance .Chapter three pays attention to two major type of financing mode ,the mode of British &American and the mode of Japan &German .The two have different type corporate governance according to their financial mode .Chapter four analysis the factors restricting the affect of ownership financing and debt financing in state-owned enterprise .Based on the above analysis, Chapter five raises the suggestions to optimize financial structure and improve corporate governance of state-owned enterprise.