The Theory And Practice Research Of Banks' Claims Involved In The Corporate Governance Based On Debt's Rights

Debt governance places an important part in the corporate governance, enhancing the corporate governance and protecting the security of bank loans. In our country, bank loans are the main source of the corporate external financing, but the security of bank loans is in danger. In order to explore the measures for banks to participate in corporate governance, this paper analyzes the theoretical basis, motion, process and mechanisms. The principal-agent theory, incomplete contract theory and stockholder theory are the theoretical foundation for bank's debt governance. Using cost-benefit theory to compare banks and bondholders draw that banks have the power involved in corporate governance. Exploring banks participate in corporate governance from the theory of the mechanisms and models of banks participating in corporate governance, the experience of the United States and Japan banks to participate in corporate governance in the current law and capital market.