论公司财务管理在公司治理结构中发挥的作用

公司制企业财务管理存在着三个层次,即出资者财务、经营者财务和专业财务;它们在公司治理结构中发挥着不同的作用.出资者财务以资本的终极所有权为依据,以资本的安全和增值为目的,对其出资及运用状况进行管理,是一种间接约束机制;经营者财务以法人所有权为依据,在出资者的监控下,以直接控制的方式对企业的资金运行进行管理,发挥在治理结构中的纽带作用,处于财务管理的核心地位;专业财务以现金流转为管理对象,保证经营者财务决策的顺利执行和预期效益的实现.三者的辩证统一是实现公司有效治理的关键.

The role of corporate finance in corporate Governance

There are three parts in corporate finance: investor's finance. managerial finance and professional finance. They play different roles at corporate governance. As a indirect mechanism of restraint, investor's finance is based on final owership of capital, with the goal of safty and value-increasing of the capital, and Supervise investment and the use of capital. According to corporate owership, managerial finance controls directly the enterprises' capital flows under the supervision of investor, which play linking role in corporate governance, Iocated core of financial management. Professional finance is monitoring the cash flow of a company, which put financial decision and expecting in come into practice smoothly. The three parts in the unity of opposite is key of realizing effective corporate governance.