Corporation Financial Control Right: Theory And Experience

By using law-analysis method and neo-institution economic analysis method, the treatise deals with the corporation financial control right theory and the corporation financial governance theory in terms both of theory and experience The utmost purpose of this treatise is to prove that shareholders are in the central place of the corporation financial control arrangement and the corporation financial control practiceBy theoretical analysis, we come up with the following conclusion: (1) the corporation financial control right is the core of the corporation control right;alike the corporation control right , the corporation financial control right is divided into the residual corporation financial control right and the contrast corporation financial control right;(2) the utmost owner of the corporation financial control right is the shareholder;(3) firm theory conclude enterprising theory and internal structure theory, and by a notion experiment, we give an explanation to the internal structure theory which serves as a solid basis of the corporation financial control right theory;(4) the corporation financial control right should be hold by shareholders;(5) the nature of the corporation financial governance is the effective arrangement of the corporation financial control, the goal of the corporation financial governance is to realize the minimum agent costBy reviewing the practices in the corporation financial control right arrangement and the corporation financial governance of the US and Japan, we acquire the following conclusion: the shareholders value has never disappeared from the economic institution of the US;the shareholders value is given more and more emphasis in Japan, and with the globalization of economy, the trend will be continued...