Finance Governance Of Listed Company

With the 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. The finance governance run through all aspects of the coporate governance, and becomes the core and difficult problem of the coporate governance. With our country state-owned enterprise reform step speeding up, the capital market question unceasingly appears, for example: The stock market frequently has the major stockholder to invade and divert the fund of listed company, the major stockholder cheats the middle and little investors, the finance information disclosed of listed company are misleading and false, the market operation, and so on. The illegal phenomenon has seriously hindered the stock market development, has harmed investor's rights and interests. A series of this financial questions are special, complex and solved difficultly, it not only needs to do the research in the quantity technology angle, but also to deal with each kind of property-right relations hiding behind these questions. Namely, we should solve the question of corporate finance governance at present. The finance governance is the development and perfection of coporate governance, and the reality of needs to solve the complicated financial problem of the listed company. Further investigate and perfect the theory of the finance governance, probe into the countermeasure and propose to current situation and question, having an important theory and practice meaning to the finance governance of listed company.The thinking and logic framework of this paper: on the basis of consulting the domestic and international corporate governance theory and finance governance theory extensively, we study from the meaning of finance governance, explain all elements of the finance governance of listed company in detail, attempt to make the finance governance theory of listed company abundant and perfect, which includes the foundation of finance governance, the basic theory of finance governance and the using theory of finance governance. On the basis of case analysis and real example materials, study the finance governance of Chinese listed company on its current situation and problem. Use the typical listed company's finance governance in the world for reference and experience. Structure the finance governance system of Chinese listed company, and explain the finance governance system's operating mechanism of Chinese listed company. The full text is along such a clue, which is " Basic theory——Current situation and problem——global comparing——governance system——Operating mechanism."The paper is divided into six chapters.Chapter one: Introduction. This chapter mainly explains the title selection background, researching purpose; defines the research ranges; brief surveys the domestic and international research dynamic status; states the research thought, methods and possible innovations.Chapter two: The basic theory of finance governance. It includes the theoretical foundation of the finance governance, the definition of meaning to financial governance, the relation between finance governance and such relevant concepts as coporate governance, financial administration, etc. the basic elements of finance governance, finance governance structure and finance governance michanism. In this chapter, we give a finance governance system: the foundation theorise, the basic theories and the using theories of finance governance.Chapter three: The current situation and case study of finance governance of Chinese listed company. It is special stock right structure and market environment of Chinese listed company at first. The second is current situation analysis of the inside finance governance of the Chinese listed company. The third is current situation analysis of the outside finance governance of the Chinese listed company. The fourth is the real example analysis of the problem of finance governance of Chinese listed company.Chapter four: Global comparison of the financial governance of listed company. Firstly we compare three kinds of typical finance governance modes of listed company. Secondly, we analyze the formation cause of difference of finance governance mode of listed company from the route relying on the structure of the capital; Thirdly, we talk about the convergent development of the finance governance mode of listed company, and the pander of this trend.Chapter five: Construction the finance governance frame of Chinese listed company. Firstly, we talk about the enlightenment that the finance governance mode of listed company compared. Secondly, we structure the finance governance frame of Chinese listed company, which includes the inside finance governance and the outside finance governance.Chapter six: Operating mechanism of the system of the finance governance of Chinese listed company. We implement system innovation for the breakthrough point with the inside finance governance. Meanwhile, we perfect the outside finance governance mechanism progressively, guaranteeing the financial governance efficiency. And we explain in detail from which aspects to carry on the innovation of inside financial governance structure and mechanism, from which aspects to carry on the innovation of the financial governance structure of outside and mechanism.The main contributions of this paper are provided as follow: put forward the concept of finance governance, containing financial governance's all key elements. Then perfect the finance governance theoretical system, which is the basic theories and the using theories of finance governance, especially the using theory of the financial governance is included in the financial governance theoretical system. Put forward and explain concept on "finance governance subject structure", which remedy financial governance organization framework to be unable to include outside finance governance subjects; structure the framework of finance governance structure including administration structure of the inside finance governance and administration structure of outside finance governance, and divide the inside finance governance mechanism and outside finance governance mechanism; Along such logic, we analyze the finance governance of Chinese listed company's current situation and question in detail, draw lessons from the typical finance governance modes of listed company in the world, structure the finance governance system of Chinese listed company including the inside finance governance and the outside finance governance, and explain the finance governance system operating mechanism of Chinese listed company in detail.