The Political Logic Of The Corporate Governance

Is seen as the most important characteristics of the capital market behavior through a series of transactions and create profits. An endless stream of company fraud cases, such as fraud, however, can reduce the Chinese investment company will, is not conducive to the development of China’s economic construction. Corresponding strengthening of corporate governance will not only help to enhance the international competitiveness of our company itself, but also to enhance the profitability of the company, to help the government to achieve a long-term policy objectives and direction.Analysis from the economic and cultural aspects of the theory of corporate governance monograph has been voluminous. Law as a product of human interaction, nature can not be independent of the political system to play an independent role. Throughout the ages, many legal changes are done through the political process. The Company institutions,"the four powers" near political "separation of powers". Understanding of the company,"the four powers" administrative affiliation and other social, cultural and other non-economic understanding of the relationship created such a political level, the institutional arrangements. The political game theory is built on the assumption of economics "reasonable person". Because the reality people involved in the game is not completely rational person, but bounded rationality. Even though the impact on individual, regional, national faith, character, practices, customs, ethics, morality, environment-specific differences are interested in the outcome of the game in the same country. This article will discuss the macro aspects of the political logic explore.Through the analysis of the political perspective of corporate governance, we can draw the logic:the nature of the protection of the rights or interests of the market economy, depending on the country-specific political compromise and the law of both supply and demand balance of power. Legal content changes, mainly due to changes in political power. Public Policy, Social Union, political and economic systems of these three elements influence and determine the corporate governance structure of the different characteristics in different countries. Model of corporate governance will be different because of the political, cultural, and social conditions in the continuous development while reserving differences.This article consists of four parts.Limitations of corporate governance in the first part of the traditional perspective. This chapter describes the traditional perspective, corporate governance limited for three reasons. Pointed out the necessity of the use of political perspective analysis of corporate governance. Includes three aspects:the refinement of a fiduciary duty can not be avoided in egoism, the traditional theory ignore the corporate and political power game, the method of economic analysis of the limitations of rational economic man assumptions.The Political Economy of the second part of the typical causes of national corporate governance analysis. This chapter, the use of political economy analysis of three typical corporate governance structure. From political, cultural, economic system, laws and policies of the political logic behind. As below pave the way and provide a theoretical basis.The third part of the foreign corporate governance of significance in China. This chapter of our corporate governance structure carried and legal transplantation think. Consists of three parts:the reflection of our corporate governance, corporate governance legal transplantation thinking, The political significance of corporate governance.Conclusion In conclusion, summed up the political logic.