公司财务治理结构比较分析(国外英语资料).docVIP

公司财务治理结构比较分析(国外英语资料) Contemporary economy in May 2009 (next) comparative analysis of financial governance structure of C O N T E M P O R A R Y E C O N O M I C S, Wang Huiyun (Jinling Institute of Technology, Jiangsu Nanjing 210001) [Abstract] from the current mainstream model of corporate governance, can be divided into three big class: one is the market oriented mode represented by Britain, with a variety of external competitive market based governance model, the system framework is to provide guaranteed by combining shareholder sovereignty governance structure and competitive market of the shareholders. The two is bank oriented mode represented by Japan and Germany, the main contributor to the internal basis of the governance model, a stakeholder oriented diversified mode based on the sovereignty. Three is the East Asian family control model, based on the family as the representative of the controlling shareholder sovereignty model. Each of these three modes has its own characteristics, which is formed in a certain external economic and cultural environment, and plays a huge role in promoting the development of the countrys economy. [Key words] structure of financial governance of stakeholders since 1990s, economic globalization has infiltrated into every aspect of enterprise development, the development of corporate governance pattern showing a strong trend of convergence. Financial governance structure is the core of corporate governance also formed three typical types: the distinctive characteristics of the Anglo American executive controlled financial governance structure, German bank oriented financial governance structure, the East Asian family controlled financial governance structure. This article will focus on CO governance and contingent governance logic of stakeholders, the pattern of production factors to the parties involved in the enterprise contract provided by the basis of analysis of the three typical forms of financial governance structure of the