企业股权特征的综合分析框架——基于中国企业的现象与理论

发布时间：2018-04-15 04:34

本文选题：股权特征 + 产权残缺　；参考：《会计研究》2016年05期

【摘要】：股权特征是影响公司治理的基础性因素。现有文献通常侧重于其中某一或两个维度的特征进行研究,难以全面、深入考察股权特征在公司治理中的作用。本文基于我国企业的现状,搭建了包括股东、股本、持股和控制权四个维度的企业股权特征综合分析框架。本文首先透过现象描述与分析,归纳出刻画我国企业股权特征的四个维度及其具体特征;其次从理论上分析了产权残缺问题是我国企业股权四个维度特征形成的根源;最后探讨运用企业股权特征综合分析框架进一步开展股权结构研究需重点关注的若干变化。本研究有助于立足我国特有的产权制度,为深化股权特征形成及其影响的研究提供更完整的思路,并为国有企业混合所有制改革和民营企业现代企业制度建设提供启发。
[Abstract]:Ownership characteristics are the basic factors that affect corporate governance.The existing literature usually focuses on the characteristics of one or two dimensions, but it is difficult to investigate the role of equity characteristics in corporate governance.Based on the current situation of Chinese enterprises, this paper sets up a comprehensive analysis framework of corporate equity characteristics, which includes four dimensions: shareholder, equity, shareholding and control.In this paper, through the description and analysis of phenomena, the author summarizes the four dimensions and specific characteristics of the equity characteristics of Chinese enterprises, and then theoretically analyzes that the problem of incomplete property rights is the root of the formation of the characteristics of the four dimensions of ownership in Chinese enterprises.Finally, this paper discusses some changes that need to be paid more attention to in the further research of equity structure using the framework of comprehensive analysis of enterprise equity characteristics.This study is helpful to provide a more complete idea for deepening the research on the formation and influence of ownership characteristics, and to provide inspiration for the reform of mixed ownership in state-owned enterprises and the construction of modern enterprise system in private enterprises.
【作者单位】：中山大学管理学院/现代会计与财务研究中心;
【基金】：国家自然科学基金项目(71272202,71472162,71502181) 财政部会计名家培养工程项目广东省自然科学基金项目(2014A030310217)的资助
【分类号】：F275

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