国有控股公司利益相关者合作与财权安排  

Cooperation of Stakeholders and Property Arrangement in State-holding Companies

作　　者：张兆国[1] 周继军[1] 罗勇[1] 

机构地区：[1]华中科技大学管理学院

出　　处：《武汉大学学报（哲学社会科学版）》2007年第5期630-635,共6页Wuhan University Journal：Philosophy & Social Science

基　　金：国家社会科学基金(06BJY015);湖北省社科基金(2005058)

摘　　要：按照利益相关者合作逻辑在公司建立共同治理机制,是现代市场经济的内在要求,是公司治理研究的前沿课题。公司财权安排是公司治理结构所解决的关键性问题。目前,我国国有控股公司的财权安排基本上是遵循"股东至上"逻辑,造成财务决策效率低,内部人控制问题严重。要突破"股东至上"逻辑,就必须按照利益相关者合作逻辑,在国有控股公司的财务方面建立共同治理机制,包括共同的财务收益分享机制、共同的财务决策机制和共同的财务监督机制,使各利益相关者都有平等机会参与公司财权的分配。According to the logic and principle of stakeholder cooperation, it is intrinsic requirement for modern market economy and forefront question of corporate governance research to establish co-governance mechanism in companies. Corporate property arrangement is the vital problem that the corporate governance structure tries to sort out. Currently, the property arrangement in our state-holding companies is basically abide by the logic of ＂shareholder paramount＂, which leads to low decision-making efficiency in finance and causes serious problems in insider control. In order to make a breakthrough in the logic of ＂shareholder first＂, we must establish co-governance mechanism in corporate finance, including joint financial earning sharing mechanism, joint financial decision-making mechanism and joint financial supervision mechanism according to the logic of stakeholder cooperation, so that all the stakeholders can enjoy a equal opportunity and right to participate in the distribution of corporate property.

关 键 词：利益相关者合作逻辑 公司财权安排 公司财务共同治理 

分 类 号：F234.4[经济管理—会计学]