美国公司治理模式的特点及对我国企业改革的启示  

The Characteristics of US Corporate Governance Manner and Its Implication for Chinese Enterprise Reform

作　　者：李俊江[1] 李晗[1] 盛冰樨[1] 

机构地区：[1]吉林大学中国国有经济研究中心,吉林长春130012

出　　处：《吉林大学社会科学学报》2003年第6期41-47,共7页Jilin University Journal Social Sciences Edition

基　　金：教育部重点研究基地重大项目(2001ZDXM790007)

摘　　要：美国公司治理结构以美英大陆法系为基础,其主要特征是股权结构高度分散化;股权流动高频率化;企业融资以股权直接融资为主。在公司治理机制方面,主要依靠外部职业经理人市场和与业绩紧密关联的报酬机制对经营管理者发挥重要作用。20世纪90年代中期以来,美国公司治理结构又出现了新的演变与创新。探讨美国公司治理结构的制度体系及发展变化,对我国企业内外部治理结构的改革具有重要的借鉴意义。The United States corporate governance structure is based on America-British law system, Its principal characteristics are high level of ownership structure dispersion; ownership flows quickly; enterprise financing is mainly by direct ownership financing; in corporate governance, managers should be aware of income payment between external manager market and operating performance. From the middle of 90' s in the 20th century, corporate governance structure in US has experienced remarkable development and innovation. Study on institutional system and changes of corporate governance in US has provided precious experience to the reform of Chinese enterprise internal - external governance structure.

关 键 词：公司治理结构 公司治理模式 治理机制 股权结构 

分 类 号：F279.712[经济管理—企业管理] F279.2[经济管理—国民经济]