Font Size: a A A

Enterprise Bond Financing Research Based On The Corporate Governance

Posted on:2007-07-31Degree:MasterType:Thesis
Country:ChinaCandidate:L X MaFull Text:PDF
GTID:2189360275457621Subject:Accounting
Abstract/Summary:
The enterprise bond market takes the important constituent of the capital market, its scale and the structure as one of the symbols weighs the capital market whether mature. Now, China enterprise bond market'size is too small, relative to the stock market and the bond market, shows the internal structure of the bond market and the overall imbalance. There are many reasons for its delay, Corporate as the chief part issue bond, its corporate governance obviously affect their behavior. Corporate governance and financing structure are the two major areas of corporate research, mutual coordination and restraint, to maximize the value of company. Perfect corporate governance determine reasonable financing structure, and reasonable financing structure will promote a sustainable corporate governance, so it is necessary of arranging the scientific financing structure must be based on reasonable corporate governance. In this point of view, the article based on corporate governance, apply the methods of comparative analysis to analysis the impact of corporate governance on the enterprise bonds financing.This article divides into six chapters, first makes the introduction on the selection basis, the background, the selected topic significance, the research technique and the content frame; Second chapter reviews the theory literature of the relationship between corporate governance and financing structure; The third chapter comparative analysis two kind of different government patterns and the matched financing structure; Fourth chapter carries on a investigation about the present situation of our country's enterprise bond financing; Fifth chapter analyzes our country's corporate governance how to influence the enterprise bond financing, takes the listed companies as representative , to make explanation from the major stockholder interior government, the young shareholder exterior government, managers' stock holding and the internal organizational structure; Finally makes the summary of this article, and proposed some policy suggestions about developing the enterprise bond need bases on the perfect corporate governance.
Keywords/Search Tags:Corporate Governance, Financing Structure, Enterprise Bond Financing
Related items