市场型与组织型（国外英文资料）.docVIP

市场型与组织型（国外英文资料） International reference of corporate governance structure model Internationally, corporate governance structure model can be roughly divided into the United States and Germany and Japan, and this is the law, system arrangement and financial regulatory factors such as the difference. Corporate governance structure of the United States can be called a market-oriented corporate governance structure, its main characteristic is to use economies of scale and specialization management, through the product market, manager market and capital market competitive inhibition of management personnel of the moral risk, reduce agency cost, management control, risk sharing, and capital requirements for balance. Type German and Japanese corporate governance structure can be referred to as the organization model of corporate governance structure, its main characteristics is to point to economic organization helps overcome bounded rationality, opportunism, and uncertainty of the market, economic organizations and to eliminate the phenomenon of information compression. Despite the convergence of the two models in recent years, in practice, the choice of corporate governance structure patterns is still biased in the market and organization. Some regulations and policies regarding the governance structure of state-owned enterprises are more market-oriented. China is still in a stage of undeveloped and undisciplined history, with more resources and more potential for use. Market management leads to deviation from the Chinas current reality, China should choose the organizational governance oriented corporate governance model, and this knowledge is reflected in the relevant regulations and policies At present in Chinas capital market, the market mechanism is very imperfect, the manager market is lacking. Capital market, set up market-oriented corporate governance structure has not yet reached the required size, scope and scale, capital market to solve the principal-agent me