当代财经 ›› 2018, Vol. 0 ›› Issue (08): 92-.

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混合所有制改革下公司治理结构的动态调整路径研究

叶玲1,王亚星2   

  1. (1. 南京财经大学 会计学院,江苏 南京 210023;2. 北京国家会计学院,北京 101312)
  • 收稿日期:2018-01-26 发布日期:2021-01-21
  • 作者简介:叶 玲,南京财经大学副教授,博士,主要从事公司治理与公司财务研究,通讯作者联系方式cloudia0211@163.com;王亚星,北京国家会计学院讲师,博士,主要从事公司治理与信息披露研究。

A Study of Dynamic Adjustment Path of Corporate Governance Structure under Mixed Ownership Reform

YE Ling1, WANG Ya-xing2   

  1. (1. Nanjing University of Finance and Economics, Nanjing 210023; 2. Beijing National Accounting Institute, Beijing 101312, China)
  • Received:2018-01-26 Published:2021-01-21

摘要: 混合所有制改革是国有企业改革的重要突破口,有助于国有企业完善产权制度、重构公司治理机制,提高经营效率。通过聚焦混合所有制改革的关键环节——有效制衡的公司治理结构,从股权结构、董事会、监事会和管理层四个维度探讨公司治理结构的调整路径,重点探讨公司党委会参与公司重大决策,与新三会产生治理协同的有效路径,提出改善独立董事和监事会监督效率的相关措施,探索管理层市场化的激励与约束制度,以期建立更完善的治理结构促进混合所有制经济企业发展,为混合所有制改革提供新的思路和建议。

关键词: 混合所有制改革,公司治理结构,动态调整

Abstract: The mixed ownership reform is an important breakthrough of the ownership reform of state-owned enterprises, which is helpful for state-owned enterprises to improve the property rights system, re-construct the corporate governance mechanisms, and improve the operating efficiencies. Focusing on the key link of the mixed ownership reform-effectively balanced corporate governance structure, this paper discusses the adjustment path for corporate governance structure from the four dimensions, i.e., the ownership structure, the board of directors, the supervisory board and the management. It mainly explores an effective path through which the Party committee of a company can participate in the company’s important decision-makings and carry out the governance with the three new boards. It also puts forward some related measures to improve the supervision efficiency of the independent directors and the supervisory board and explores the incentive and restraint system for the market-oriented management, so as to establish a better governance structure to promote the development of the economic enterprises with mixed-ownership. Finally this paper offers some new ideas and suggestions for the mixed ownership reform.

Key words: mixed ownership reform; corporate governance structure; dynamic adjustment