Font Size: a A A

Optimize The Governance Structure Of Listed Companies In China

Posted on:2005-04-05Degree:MasterType:Thesis
Country:ChinaCandidate:S L ChenFull Text:PDF
GTID:2206360122494022Subject:World economy
Abstract/Summary:PDF Full Text Request
The emergence of corporate governance issue is associated with the separation of ownership right and control right in share-holding company. The practices of enterprises in different countries have proved that an efficient corporate governance structure is a forceful and indispensable guarantee to maintain stable and long-term development of modern enterprises, to gain satisfactory operation performance, and to protect the rights of shareholders and operators effectively. With the globalization of world economy, how to establish a reasonable and efficient corporate governance structure is not only an important issue which the enterprises of different countries must solve, but the focus of every government and security regulatory section as well.This thesis tries to put forward several internal and external measures to improve the corporate governance structure of Chinese listed companies after drawing on the successful experience of developed countries and completely analyzing the current situation of corporate governance structure in Chinese listed companies.The whole thesis falls into four parts. The first part analyzes the essence of corporate governance structure, the mutual-conditioning relationship in modern corporation, corporate governance mechanism, main modes and determinants of corporate governance structure, etc., which lays a foundation for following analysis and discussion.The second part gains some enlightenment on how to improve Chinese listed companies' corporate governance structures after analyzing and comparing two main corporate governance structures and their development trends.The third part analyzes empirically the efficiency of corporate governance in Chinese listed companies from four aspects-equity structure, director board structure, selection and incentive mechanism of operators and outside supervising market and points out the defects in internal and external governance mechanism of Chinese listed companies.Finally, the last part puts forward various measures to improve Chinese listed companies' corporate governance structures on the basis of former chapters, including restructuring equity structure, perfecting relative institutions in company, enhancing the functions of creditors in corporate governance and accelerating the establishment and development of outside supervising market.
Keywords/Search Tags:listed company, corporate governance structure, incentive and constraint, principal-agent, equity structure
PDF Full Text Request
Related items