企业财权安排的几个基本理论问题:基于利益相关者理论研究  

Research on the Basic Theory of Corporate Property Arrangement:Based on the Stakeholder Theory

作　　者：张兆国[1,2] 张庆[1,2] 何威风[1,2] 

机构地区：[1]华中科技大学管理学院,430074 [2]湖北经济学院,430205

出　　处：《会计研究》2007年第11期39-43,共5页Accounting Research

基　　金：国家社科基金项目"国有控股公司的资本结构与财权安排研究"(项目批准号:06BJY015);湖北省社科基金项目"湖北省国有企业资本结构治理效应研究"(项目批准号:2005058)

摘　　要：长期以来,人们研究企业所有权安排的基本思路是"股东至上"逻辑。然而,在现代市场经济条件下,随着企业对人力资本和外部资源的日益重视以及世界各国对企业的社会责任和各利益相关者在企业治理中的作用越来越关注,"股东至上"逻辑受到了愈益强烈的挑战,利益相关者理论已成为企业治理理论的重要组成部分。本文着重运用利益相关者理论对企业财权安排的基本前提、客观基础、主要特征和实现机制等基础性问题进行了研究,以期拓展企业治理理论的研究领域和应用价值。For the past few years,researching on the corporate property arrangement is following the logic of 'Shareholder Uppermost'.However,under the circumstances of current market economy,companies attach more and more importance to labors and external resources,the role of stakeholders in the corporate governance and the social responsibility that companies should take attract increasing attentions from society.Thus,the logic of 'Shareholder Uppermost' has faced more and more challenges;and the stakeholder theory has already been the essential part of modern corporate governance theory.According to the stakeholder theory,this paper researches on the several basic theory,such as the basic prerequisite,objective foundation,main characteristics and realizing mechanism of corporate property arrangement,etc.This will extend the research range and application value of the corporate governance theory.

关 键 词：利益相关者理论 企业财权安排 基本理论问题 

分 类 号：F275[经济管理—企业管理]