The Study, Based On Financial Governance Mechanism Of Listed Companies In China

With theory of corporate governance being brought out, the attention to study on theories of capital structure has been paid to its efficiency on corporate governance, therefore, the school of capital structure on corporate governance has been formulated and attained a lot of research achievement. In practice, corporate finance and corporate governance are always interwoven. To solve certain question, singly measure can hardly get ideal effect, and only comprehensive research and design could effectively solve complex problems. The formation and perfection of finance governance theory suits the need of theory and practice, and quickly becomes a new research field of finance theory. As corporation is a nexus of contracts, every stakeholder has the right to participate the administrating of the company. But because they have different status, they have distinct right and participating pattern. So in corporation finance governance, every stakeholder must define and harmonize status and functionary themselves in financial flow and division, and ultimately every stakeholder realizes restriction and balance one another on financial right, which makes Listed Corporation improve efficiency of resource collocating and effect of corporate governance. If we can use a system or contract to criterion or leash above financial right deploying to every stakeholder, what is the content of research on finance governance mechanism.This article begins from the corporate finance government mechanism, describes the significance of the corporate finance government mechanism. Through the modern corporate finance theory, the property right economy, the modern enterprise theory and the company governs theory research, has been clear about the modern finance government main body, the object and the goal and has produced the corporate finance government mechanism implication. Through the property rights disposition definition, the character, the principle of equality and the basic structure, has been clear about our country state-owned enterprise forming time property rights disposition influence factor and certain measurement. Under summary of the corporate finance government mechanism of our country, has produced the reason which these questions produces. From the property right disposition, market supervising and managing, the company government, the finance governs four aspects, proposed the corresponding countermeasure and the suggestion. Finally the article describes the corporate finance government mechanism existence question through the Yin Guang Xia case.