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  • 學位論文

中國上市企業公司治理模式研究

A Study on Corporate Governance of Chinese Public Listed Companies

指導教授 : 李志強

摘要


中國上市企業的公司治理由於中國經濟發展的過程,使得中國大陸企業公司治理模式一直極具中國特色。在股權結構上有因股權分置而造成流通股與非流通股並存與國有股一股獨大的情形。在董事會結構上,存在獨立董事制度與監事會並存的情形。隨著社會主義市場經濟的發展,股權上不再是國有股一股獨大,中小股東的產生,突顯了中國上市企業代理問題的重要。 本論文透過探討中國大陸上市企業公司治理制度的情形,藉由比較各國公司治理及萬科的個案研究得出以下結論作為未來中國發展公司治理模式的參考:(1)在股權分置改革後,隨著中國證券市場轉為全流通,在解決國有股一股獨大並減持國有股達到有效股權分散同時,需引進對公司具效益的策略性投資者。(2)透過銀廣夏與格林柯爾公司治理失敗案例與萬科集團的公司治理進行比較,得知中國上市企業公司治理的成功與否,與職業經理人的經營企業的理念息息相關。萬科企業公司治理成功的主因在於職業經理人王石作為創辦人的經營理念對萬科公司制度與文化所產生的影響。透過強化對職業經理人的企業倫理建設與加強上市公司獨立董事獨立性,有助於完善中國大陸上市企業公司治理。(3)中國大陸的獨立董事制度與監事會的定位上,雖然在功能上同時作為中國上市公司治理模式中的監督機制,但因為所代表的身份不同,也代表了不同層面的監督。兩者並存應相輔相成形成一種互補的監督機制。

並列摘要


Corporate governance of listed companies in China because China's economic development process,making the Chinese mainland enterprises to corporate governance model has been very Chinese characteristics.In the equity structure has caused due to tradable and non- tradable shares tradable state-owned shares due to the dominance coexist with the situation.The board structure,the existence of independent directors and board of supervisors system coexistence situation.With the development of the socialist market economy,equity is no longer due to the dominance of state-owned shares,minority shareholders generation, highlighting the importance of the agency problem. Through this paper discuss corporate governance system in China the situation,by comparing national corporate governance and Vanke case studies the following conclusions as the future development of China's corporate governance model Reference:(1) In the split share structure reform, with the China's securities market into circulation,and in the settlement due to the dominance of state-owned shares of state-owned shares to achieve effective dispersed ownership Meanwhile,the need to introduce a benefit to the company's strategic investors.(2)Through Yinguangxia with Greencool failures of corporate governance and corporate governance Vanke Group compares the corporate governance of listed companies that China's success with professional managers to run a business philosophy are closely related. Vanke Co., the main reason for the success of corporate governance that professional managers as founder Wang Shi Vanke Company's operating philosophy and culture system impact.For professional managers through corporate ethics,will help improve the corporate governance of listed companies in China.(3) The independent director system in China and the positioning of the Supervisory Committee,although functionally the same time as the Chinese model of corporate governance oversight mechanism, but because of the identity represented by a different,but also represent different levels of supervision. Both should complement each other to form a complementary coexistence of oversight mechanisms.

參考文獻


4.潘旻青,政治關聯性對盈餘品質之影響-以中國企業為實證,淡江大學會計學系碩士班,碩士論文,2011
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被引用紀錄


苗成宇(2014)。非上市櫃台資公司赴陸後內部控制制度調整之研究〔碩士論文,淡江大學〕。華藝線上圖書館。https://doi.org/10.6846%2fTKU.2014.00292

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