The Study Of Creditability Crisis And Corporate Governance On The Listed Company In China

There have been more and more severe trend for creditability crisis on China's listed company, which includes two important reasons: one is that the reason that China established security market is allocated to the reform of Chinese national enterprise so that different behavior has appeared in the listed companies; the other indicates that interference of local government brings about the problem of national enterprise that is difficult to be solved; that is, the origin of creditability crisis on China's listed company lies in the shortage of corporate governance. The paper firstly analyzes the phenomenon of China's listed company creditability crisis, and looks on the shortage of China's listed company corporate governance from two sides: internal corporate governance and external corporate governance;and discusses formation of listed company artificial profit from allocate stock policy, and formation mechanism of listed company creditability crisis from demonstration analysis At the same time, the paper has consummated its path selection from internal corporate governance and external corporate governance for applying experience of listed company corporate governance in the American. On the one hand, there exists the shortage of agency cost,adjustment of shareholder structure and newly arrangement , consummation of incentive mechanics; on the other hand, we begins from agency service institute and consummation of law system.