利益相关者财务论——财务范畴的新探索（Stakeholder Finance a new exploration of financial category）.docVIP

利益相关者财务论——财务范畴的新探索（Stakeholder Finance a new exploration of financial category） The academic circles on the financial category view is mainly based on the different financial subject, elaborates financial theory, from the different financial level but another view is that decentralization, partition, multi-level financial theory is a kind of unrealistic and hard to implement financial theory. How to understand the financial theory under the condition of modern market economy, the key lies in the point of view, such as the nature of the firm from the perspective of financial problems, will get a new financial category -- financial stakeholders. The essence of enterprise contract: collection of stakeholders The fundamental problem is the reasonable arrangement of financial property rights, optimize the allocation of production factors, so as to realize the rational allocation and efficient use of elements and property interests of justice. The property rights arrangement is a basic problem in corporate governance, and the essence of corporate governance structure is the arrangement of enterprise ownership contract or contract system, enterprise ownership arrangement directly touch the essence of enterprise. Therefore, the research on financial problems must first understand the nature of the enterprise. Kos in his famous paper the nature of enterprise proposed the enterprise is marked as the substitute of price mechanism. The contract, the factors of production for a certain remuneration agreed within certain limits by the command of entrepreneurs. The essence of the contract is that it limits the scope of rights of entrepreneurs. Only in a limited range, he can command and other factors of production. The enterprise is the owners of essential factors of production in order to obtain certain economic benefits between contract aggregates is formed based on the common economic interests on new economic interests, and to the owners of production factors. Owners of produc