Study On Coordinated Response To Financial Conflicts Based On Financial Governance Perspective

Financial governance issues, initially form a basic ideological theory in western financial circles. In China, the governance practice of listed companies in recent years, appears the many problems and affects the development of the listed companies. So the research on financial governance problems in the financial sector will gradually appear on the agenda. The research is urgently required to the practice of corporate governance of listed companies:A series of financial problems appearing in the practice of China's listed companies urgently need the financial governance theory. In the market economy with Chinese characteristics, the conditions of the financial governance of listed companies face unique problems: Controlling shareholder has seriously harmed the interests of small shareholders. Managerial actually grasp of financial control. The Board's functions of financial strategic decision-making and financial supervision have weakened, and so on. These complex focus issues relates to the success of economic reforms, the stability of the securities market. So understanding and finding solutions to the crux of the issue and the starting point have become all the more important. This requires that the financial sector should be bold innovation, draw on the basis of the west research results, create the financial theory with Chinese characteristics to fully meet and effectively guide our financial governance practice work.Financial stakeholder rights, responsibilities and interests'protection need finance theory to further clarify in financial governance of listed companies. Corporate finance, as a value campaign, has a combination of role. The internal rights'checks and balances, the shared responsibilities and the division of interests eventually will be reflected in the form of financial. It is a dominant position in corporate governance and management. Thus, the solution to these problems lies in the area of finance. In addition to day-to-day financial management should be strengthened, all listed companies pay more attention to financial stakeholders to define and clarify and effectively exercise the rights and responsibilities, and how to regulate them in the corporate governance and financial governance to ensure their interests. But this is precisely very weak one in the current financial sector's research. This paper based on research at home and abroad integrates with the modern financial theory, the theory of corporate governance, business theory, institutional economics and property economics, and re-understands the meaning, target, subject and object of financial governance, furthermore analyses the causes to financial conflict among the shareholders and managers, shareholders and creditors, and puts up with methods how to effectively coordinate these financial conflicts, which aims to offer some suggestions for the improvement of financial management.