从资本结构视角看国有企业治理结构的优化  

The Optimum of State-owned Corporate Governance from the Angle of Capital Structure

作　　者：刘丰[1] 朱有为[1] 

机构地区：[1]东南大学经济管理学院,江苏南京210096

出　　处：《南京工业大学学报（社会科学版）》2003年第4期41-44,共4页Journal of Nanjing Tech University：Social Science Edition

摘　　要：企业的治理结构与资本结构之间存在着密切的联系 ,资本结构是治理结构的依据和基础 ,治理结构是资本结构的反映和体现。从资本结构入手来分析和解决企业治理结构问题无疑有着很强的理论和现实意义。本文利用企业资本结构与治理结构互动关系 ,分析了当前我国国有企业资本结构的特点及其与治理结构问题的内在联系。并基于我国的体制现实 。There exist close relations between corporate governance and capital structure of an enterprise . Corporate governance is not only based on capital structure but also reflected by capital structure . Therefore , analyzing and resolving the issues on corporate governance from the angle of capital structure is very significant both in theories and practice. This article first discusses the interrelations between corporate governance and capital structure. Then it analyzes the characteristics of state-owned corporate capital structure and its inner relationship with the current corporate governance. Finally, some advice on optimization of state-owned corporate governance is proposed.

关 键 词：资本结构 国有企业 治理结构 股权控制 债权控制 过渡性目标模式 

分 类 号：F276.1[经济管理—企业管理] F275.1[经济管理—国民经济]