The Economical Analysis Of Corporate Financial System In Our Country

Through the angle of investor law protection, the assay studies the improvement of corporate financial system of micro law and financial theory, on the basis of macro system of corporate governance.The first part of the first chapter in the assay tells about the research background, which is the invitation of law and economics, and the signal and LLSV as the leaders of it; secondly tells that the studying direction is the investigation about corporate financial system and their internal relationship, on the angle of investor law protection; then points out the research theory of the assay belongs to the scope of micro law and financial theory. The second part points out that the aim of the research is improving corporate financial system through strength investor protection, and tells the importance and impression of investor protection. The third part of the first chapter tells about the research methods and creation of the thesis. The fourth part of the first chapter shows the research path.The first sector of the second chapter expatiates the broad study fruit about the relationship of investor law protection and corporate financial strategies, analyses these fruit, and classifies the consistent points and inconsistent ones; the second sector tells about some identified viewpoints, some other inconsistent ones, and some creational points on the basis of our special situations of domestic researchers.The first part of the third chapter tells about the situations of external investor equity protection and interrelated problems of our country. Firstly, it tells the actuality of outside investor law protection and the extent of judicial efficiency in our country on the angle of new corporate law and new security law, then discusses the status of corporate financial system of listed ones generally, and analyses the typical problems existed in the process of out-company finance, such as packing list,occupying financial capital by few holding shareholders,financial fraud and excavating listed corporation through unequal related transactions, and then on the base analyses the reasons of internal invasion, which mainly are as follows: first, the systematic deficiency , including security market systematic deficiency,listed corporation governance system weakness,inadequate government surveillance system function and intermediate agency function; second, the law weakness, including inadequate investor law protection,inefficient operation, and inadequate conduction; third, investor self reasons, such as weak investor self protection consciousness, absence of rational invest and risk consciousness, and strong gamble consciousness.The fourth chapter analyzes the financial system of companies in our country. The first part of this chapter tells the changes of company financial system, includes financial sustain; then bank finance; and now mainly mixed financing. The second part analyzes the situations and problems of our listed companies. The main characteristics of our company financing are as follows: firstly, state hold,debts proportion hold little; second, be tend to have inside control. The problems made by the above mentioned factors are mainly includes unbalance stock structure, inefficiency financing, etc.Combining with theories and points of the above two chapters, the fifth chapter tells some considerations and inspirations as follows: firstly, improving investor law protection, strengthening the restriction to internal control by law; secondly, in the case of path reliant on law reform, strengthening appropriate coordination of transferring law, and improving government surveillance and creation of non law methods in order to realize function homology; third, decreasing lawmaking of interferences and curtness , faithfully strengthening investor protection, improving corporate financial system.