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Study Of Modeling Of Dynamic Corporate Governance System Based On CAS

Posted on:2008-07-07Degree:MasterType:Thesis
Country:ChinaCandidate:N WangFull Text:PDF
GTID:2189360245478455Subject:Business management
Abstract/Summary:PDF Full Text Request
Corporate governance is a rising, progressing process. There is not a immutable governance model to make our enterprise really become"Company", it is a dynamic system project. This paper introduces complex adaptive system (CAS) theory, studies the evolution of corporate governance system on the perspective of system and adaptive, focus on the study of modeling of corporate governance system, hope to promote the improvement of corporate governance system and continue to evolution.First, based on the CAS theory, this paper views corporate governance system as a kind of complex adaptive system, selects the elements of corporate governance system, constructs and describes corporate governance system. The internal and external stockholders, managers, and creditors, who own the controlling power of the corporate, constitute the agent of the corporate governance system, which have the ability to adapt and act; the economic, regulation and market environment constitute the environment of corporate governance system.Under different circumstances, the agents interact each other, these actions are complex, and the action of the large number agents continue to influence and change the environment, considering the change of the environment, the dynamic changes of the environment can impact the action of the agent, such-and-such, the agents and environment interact each other for ever, thereby the evolution of the corporate governance system have been created, and the function of the corporate governance system is distribution of the control power. The effective corporate governance mechanism can guide the agents, so the agent chose balance, and the control power's distribution tends to balance, so that the whole dynamic corporate governance system tends to improve. Based on this view, this paper macroscopically analysis the three stages of dynamic evolution of corporate governance system in our country, and microcosmicly study the present corporate governance system and the action choice of the agent. This paper constructs a finance-decision system and supervision system and designs two types of models. The study of finance-decision model, proves the distribution of control of corporate governance system, and finds reason of the distribution. The establishment of the supervision model is used for studying the choice of agent between violation and supervision when their interests have conflicted. The ultimate aim of this paper is exploring effective corporate governance mechanism and improving corporate governance environment, having the action of corporate governance agents tend to balance, accordingly promoting the development of the dynamic corporate governance system.
Keywords/Search Tags:CAS, corporate governance system, dynamic, adaptation, the distribution of control power, effective mechanism
PDF Full Text Request
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