我国公司治理中股东积极主义的绩效评估和制度完善

发布时间：2019-06-04 02:14

【摘要】：股东积极主义已经成为公司治理的热点问题,同时存在着很大的争议。近年来,随着机构投资者实力的增强,股东意识日益觉醒,逐渐从单纯消极的“用脚投票”向“用手投票”转变,积极参与公司的治理。但是由于我国公司结构存在的诸多问题,股东积极主义的发展面临着各种主客观方面的障碍。为此,本文在对股东积极行为进行基本理论分析的基础上,结合经济学的企业经营绩效分析方法,通过构建股东能动的评价指标体系,对我国股东积极主义的现状进行评价,以便从法律、制度、政策等方面为促进股东积极主义的发展提供可行的建议。除导论和结束语外,本文可分为如下三个部分:第一部分:股东积极主义的含义解读。虽然国内外尚没有对股东积极主义进行过统一的解释,但是结合现有研究,股东积极行为实质上就是股东行使股东权的过程。股东积极干预公司的动机是多元化的,或出于股东价值最大化,或出于获得合法性,或出于社会责任等等。同时股东积极主义的方式多样,主要涉及参加股东大会、股东提出议案等。第二部分:股东积极主义的实证研究。在结合经济学和管理学企业绩效评价体系的基础上,构建了包括股权结构、控制权结构、股东提案、出席股东会等指标体系,对我国和相关国家的积极主义实践进行非财务统计研究,并对相关统计成果进行了分析。第三部分:我国股东积极主义相关制度的建构和完善。首先对上述实证结果所反映的问题进行了辩证分析;随后,针对我国股东能动实践中的问题提出了一些新制度的建构、旧制度完善的建议,提出强化股东权、充分发挥机构投资者的作用等。
[Abstract]:Shareholder activism has become a hot issue of corporate governance, and there is a lot of controversy at the same time. In recent years, with the enhancement of the strength of institutional investors, the awareness of shareholders is becoming more and more awakened, and gradually changed from "voting with the foot" to "voting by hand" and actively participating in the governance of the company. However, due to many problems in the corporate structure of our country, the development of shareholder positivism is facing various subjective and objective obstacles. Therefore, on the basis of the basic theoretical analysis of the positive behavior of shareholders, combined with the analysis method of enterprise management performance in economics, this paper evaluates the present situation of shareholder activism in our country by constructing the dynamic evaluation index system of shareholders. In order to provide feasible suggestions for promoting the development of shareholder activism from the aspects of law, system, policy and so on. In addition to the introduction and conclusion, this paper can be divided into the following three parts: the first part: interpretation of the meaning of shareholder positivism. Although there is no unified explanation of shareholder positivism at home and abroad, combined with the existing research, shareholder positive behavior is essentially the process of shareholders exercising shareholders' rights. The motivation of shareholders to intervene in the company is pluralistic, either because of the maximization of shareholder value, or out of obtaining legitimacy, or out of social responsibility, and so on. At the same time, shareholders are active in a variety of ways, mainly involving participation in shareholder meetings, shareholders put forward bills and so on. The second part: the empirical study of shareholder activism. On the basis of combining the performance evaluation system of economics and management enterprises, this paper constructs the index system, including ownership structure, control structure, shareholder proposal, attending shareholders' meeting and so on. This paper makes a non-financial statistical study on the positive practice of China and related countries, and analyzes the relevant statistical results. The third part: the construction and perfection of the system related to shareholder positivism in our country. First of all, this paper makes a dialectical analysis of the problems reflected in the above empirical results. Then, in view of the problems in the active practice of shareholders in our country, this paper puts forward some suggestions on the construction of the new system, the perfection of the old system, and puts forward some suggestions for strengthening the shareholders' rights and giving full play to the role of institutional investors.
【学位授予单位】：西南政法大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：D922.291.91

【相似文献】