Perspective Of Contract Theory Research Of Financial Governance Of Listed Companies In Our Country

Listed companies are largely represent the development of economy in China for its performance.But the listed companies low in funding operational efficiency and in the market competition due to the management system and the incentive system is imperfect, insider control problem etc.In the new historical period、the listed company should inprove the competition ability。analysis the existing problems, and take the corresponding measures. Financial governance as the core part of enterprise governance is the most meaningful and effective way; its essence is institutional arrangement about the property rights configuration between the financing agents, the purpose is the rational configuration of enterprise property. the coordination between the stakeholder interest, and realize the financial benefit balance between stakeholder, It plays an important role in the process of governance of listed company.In this paper, the theoretical framework of financial contracts, and financial governance was analysised and refined based on literature, The financial governance was analyzed from the perspective of contract. and the essence of financial governance is a kind of contract management was definited and the configuration right of financial governance is analyzed. And then, the financial governance problems of contract listed company were analyzed and summarized in China’s current,.and the financial governance innovation mechanism was designed for listed companies in China, Finally the strategy was presented for the listed companies in China from the perspective of contract have reforming structure of equity and debt,.improving the economic legislation, co-governancing with the stakeholders, and establishing and perfecting the financial management incentive mechanism, etc.