Study On Financial Holding Company Corporate Governess And Rating Based On ELMAN Network

The emergence of Financial Holding Group was based on the pursuit of scale economy, scope economy and synergy effect. The relation of "control and be-controlled" between the parent company and subsidiary companies will lead to the appearance of game behavior featured by conflicts and cooperation among companies of the group, and that will eventually lead to the departure of subsidiary companies,cause the conflict between loyalty and obligation of directors, the parent company's obligation of honesty to subsidiary companies, and bring on the problem that the juridical person's selfhood of subsidiary companies may be weakened, etc.The external character of financial risk makes the infection of risk possible among financial subsidiary companies. Therefore, it is a very important problem for financial holding group to face and solve in the development that how to assure the profits of creditors, how to balance the internal control from the parent company on the whole group and the internal control from the subsidiary company, and how to balance the parent company's control right and consideration of control right.In the perspective for development process of Financial industry, It, organization of financial control company ,will become future trend. financial crisis of 2008,sweeping the globe, get the attention to corporate governess. This also inspired me choise "financial holding companies" as my object of study in this article.Sub-loan crisis of USA initiate global financial crisis, which similar to "domino" affection. A number of investment banks and commercial banks get bankruptcy one after another, It give rise to the "butterfly effect." When we look through the phenomenon ,we find out the deep-seated reason is the integrity, regulatory and financial corporate governance problem. According to investigation, Sound corporate governance will help ward off risks, reduce the impact of financial crisis, and it is a system engineer. Reflections on china's great reaction to financial crisis alone, hidden nature of the problem of corporate governance is more worthy, and therefore in order to maintain Sustained soundness anti-war of financial crisis, it is necessary to study the establishment of China's Financial Holding Group rating system of governance. Against this background , We analysis various risk factors deeply, try to establish a set of relatively clear and easy to operate corporate governance rating system, focus on institutional mechanisms innovation and economic structural adjustment, efforts to raise the level of risk control, and continually enhance Chinese financial industry competitiveness, contribute to national economy.First, This article review the status of corporate governance, corporate governance ratings and Financial Holding corporate governance rating at home and abroad ,define financial holding companies, analysis the specificity of financial holding companies and their corporate governance characteristics, so as to provides a theoretical foundation to this article study.Second, draw on the advantages of existing evaluation index system , combine the characteristics of the financial holding company, establish six dimensions, 67 indicators of corporate governance rating system: rights and interests of shareholders and creditors, directors and board of directors, supervisors and board of supervisors, executives, information disclosure, governance and matching management in microscopic opinion.Third, Establish evaluation model of governance based on the ELMAN neural network rating system, selected Financial listed companies in seven samples (one of five as a training sample, two as the samples tested), scored by 12 experts at different levels,took same flower Shun software investment grade index and the Shanghai Stock Exchange's governance rating index as a standard reference, demonstrated that the evaluation system is reasonable and feasible.