Analysis Of Equity Governance Structure Of Listed Companies In China

With China's reforming and opening-up, the problem of corporation governance is more and more outstanding with the establishment of market economy. Especially, corporation governance of the listed companies is a realistic problem in China.In order to realize and solve the problem of the listed companies in China, it is necessary to study the influence of macro-system, history, culture, law and economy of China conscientiously. Not only enough like this, but we need to grasp the characteristics and basic functions of corporation governance because the particularity exists in universality. Chapter one introduces the basic meanings of several influential theoretical kinds of the corporation governance firstly. Then it expounds the origin and theoretical foundation of corporation from three respects: the establishment of the modern joint-stock company, the relation of artificial person's property right and corporation governance, the relation of the agency by agreement and corporation governance. It gives readers a brief and systematic understanding of the characteristics and the basic concepts of corporation governance.That the governance problem of listed companies is wildly brought forward in China, itself proves the progress of the enterprise circle in China. Now people have realized corporation governance's importance for enterprise's healthy growing in China. It causes people to generally pay close attention to finding out the key problems in corporation governance and solving them completely. After sums up the characteristics of four stages Chinese listed companies' corporation governance in their change possession, chapter two makes a concrete analysis of the crux. Starting from the exiting problems of the Chinese listed companies, From outward appearance to inner essence, from superficial to deep, it looks for congenital defects and the crux of the system, and analyzes the crux of the question deeply, then summarizes its three characteristics and exhibition. Finally, it points out further that these problems influence the validity of corporation governance seriously and restrict the healthy development of the securities market in China.Since the abnormal structure is the crux of corporation governance of listed companies in China, we should refer to foreign successful experience, combine the actual conditions of China and take action on ideology, system and executive conscientiously from long-term perspective. Chapter three gives helpful proposal in perfecting the Chinese listed companies' governance. It introduces and talks about three representative modes of stock right structure. Combining the changes which are taking place now in China, it points out that it is time to treat the abnormal structure of stock right. Then I put forward two proposals. One is to establish a system of Chinese characteristic self-governed director. Second, a structure mode frame of stock right operated tentatively is proposed, which is an efficient, balanced, absolutely circulating structure of stock right used for substituting the existing structure mode of stock right.Ma Liyong(Master of Business Administration) Directed by professor Zhao Gang...