Analying The Governance Structure Of China's Listed Companies From The Perspective Of Financing Structure

Company is the most important and typical form of organization in modern business, the development of which is of vital importance to the nation's economic development. The Corporate governance structure , the sum of system and mechanism that the balancing relationships among the Owners,operators and laborers,is the core of the corporate system . In a particular financing structure, it includes the controlling configuration and the design of incentive mechanism which Counterpart certain financing arrangements .Therefore, analyzing the corporate governance structure, is important to enhance the level of a country's economy and to improve the market system.The financing structure is an important factor to the forming of corporate governance structure, the rationalization of which will make its shareholding structure rational, and directly determine the rationalization of the governance structure. Fundamentally speaking, the modern corporate governance structure and financing structure has a high level of interdependence .The financing structure, the basis of the corporate governance structure, has direct impacts on the company's principal-agent relationship and its agents cost, and also has impacts on the condition and operation of the corporate governance structure .Therefore, different financing structures will form the corresponding corporate governance structure, While the improvement of corporate governance structure will effect on the efficiency of the financing structure .This shows that the financing structure and corporate governance structure will influence on each other .Therefore, analyzing the governance structure of china's listed companies from the perspective of financing structure is of great significance, both theoretically and practically.This article, from the mutual relations between the financing structure and the corporate governance structure, first discusses the meaning and the character of corporate governance structure, and then proposes the current status of the financing structure governance effect and its effect on corporate governance structure .In the following, it talks about the advantages and disadvantages of the different corporate governance model and the changing trends .In view of the governance structure of listed companies of the existing shareholding structure, it comes to the measures of improving the governance structure of listed companies. In the end, this article advocates specific programs to improve the Company Law for perfecting the corporate governance structure.