从资本结构视角看国有企业治理结构的优化

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 ,对通过完善资本结构以优化国有企业治理结构的调整思路提出了过渡性目标模式以及若干政策建议

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

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.