Research On Financial Governance Pattern Of Listed Companies In China

Under the situation of economic globalization, china entering WTO and the listed company in china having some economic problems, the company's financial governance is the hot topic which the domestic and foreign economies and the theory pays attention and studies, especially to involves the multitudinous investor benefit of the listed company's financial governance pattern more to pay attention. However, the company governance has been more studied while the listed company's financial governance pattern has not been systematically studied from the past findings. This paper researches the listed company's financial governance pattern through the methods of fundamental researching, the system analysis studying and the comparison studying and the case analysis.Based on collecting and preparing the data, the corporate governance theory, the entrusts-agent theory and the contract theory are systematically elaborated and are taken as the economic base of the study in this paper. This paper has carried out detailed discussion on financial governance's implication, subject, object, target, effect and so on and discriminated the concept of financial governance between the others. Then, this paper analyzes some special problems of the listed company in china, and analyzes the developing trend of the financial governance in our listed company combining with being similar to financial governance at present to two formed by the classification that the company governance.On the basis of the Deep-seated problem which produced by the conflicts between shareholder and manager and director and creditor, this paper brings up the inspiring financial governance which is to solve investor and manager according to the different object of the financial governance, and puts forward the mathematic model that excitation nature reward designs with governing; this paper has also suggested that with the pattern resolving paying the money governing that financial affairs conflict financial affairs monitors between investor( shareholder and creditor) and has suggested the governing measures in the respect of debt contract norm, debt structure and the bond design etc. At the same time, the author pays attention to that arriving at financial affairs conflict in reality is not simple unitary way, conflict sometimes is complicated, mutuality interweaves and gets in touch with, in order to solve this problem, this paper has been submitted to single out and tackle the principal contradiction, the financial affairs applying the financial affairs excitation and financial affairs to monitor the comprehensive treatment being starting point synthetically governs a pattern: And the coordinated growth being the director who uses a shareholder , manages and trilateral benefit of creditor gives first place to, govern a pattern , thereby more beneficial to realizing enterprise value maximizes with the financial affairs stimulating and superintending a coexistence. After the main body of a book being discussed as early as analyzing current situation and carrying out thorough theory, FOAK governing a pattern has also brought forward a little suggestion and countermeasure to our country listed company financial affairs.