基于信息权视角的强制性治理与自主性治理  

On the Mandatory Governance and Voluntary Governance Based on the Information Rights Allocation

作　　者：马连福[1] 陈德球[1] 

机构地区：[1]南开大学公司治理研究中心

出　　处：《南开学报（哲学社会科学版）》2008年第6期51-57,共7页Nankai Journal:Philosophy,Literature and Social Science Edition

基　　金：国家自然科学基金重点项目(70532001);国家自然科学基金项目(70872050);教育部人文社科重点研究基地项目(06JJD630008)

摘　　要：信息权是资本市场投资者权益保护的关键。公司治理以优化信息权配置、提高治理效率为机理,以萌芽式的自发性到监管的强制性再到创新的自主性治理的螺旋式路径演进。强制性治理是实行自主性治理的前提,它可以保护投资者权益,维护证券市场公平;自主性治理是上市公司在满足强制性治理要求基础上实施的治理创新,它可以最大化公司价值,提高证券市场效率。内在机制的自主性治理和外在环境的强制性治理的共建是维护证券市场有效性的重要条件。The information rights are the keys for protecting the investors＇ rights. The spiral path of evolution of corporate governance institution is from the spontaneity to mandatory governance and then to voluntary governance, according to optimizing the allocation of information rights, and improving the efficiency of governance. Mandatory governance is the premise of implementing voluntary governance, protecting investor rights, and safeguarding the securities market fair. Voluntary governance is the governance innovation based on meeting the requirement of mandatory governance, maximizing the finn value, improving the securities market efficiency.

关 键 词：公司治理 信息权 强制性治理 自主性治理 

分 类 号：F830.91[经济管理—金融学]