基金的治理结构与优化途径  

The Governance Structure of Funds and the Optimization Measures

作　　者：刘珺[1] 王凯涛[1] 陈金贤[1] 

机构地区：[1]西安交通大学管理学院,陕西西安710049

出　　处：《中原工学院学报》2003年第3期8-10,21,共4页Journal of Zhongyuan University of Technology

基　　金：国家社会科学基金资助项目(01BJL012)

摘　　要：　基金业发展的核心问题是如何树立投资者对基金的信心,保护投资者权益.在基金投资的委托代理中,由于信息不对称会产生代理风险,包括逆向选择和道德风险.有效的治理结构能降低委托代理成本,减少道德风险,维护并实现投资者利益.本文提出了建立有效基金治理结构的基本框架,并对优化我国基金治理结构提出了若干建议.The key to business is how to create investors' trust and maintain their benefits for funds. During the course of the principal\|agent for funds, some risks of agency will rise according to asymmetric information, including of adverse selection and moral hazard and so on. The effective governance structure can reduce the cost of principal\|agent, decrease the probability of moral hazard and maintain investors' benefits. The basic framework of effective governance structure for fund, therefore, presents in this article and some conclusions are put forward for optimizing Chinese funds' governance structure.\;

关 键 词：基金管理公司 治理结构 优化 风险防范 中国 基金投资 投资者利益 

分 类 号：F832.39[经济管理—金融学] F831.5