Effect of corporation governance according to different financing pattern

摘要

The problem of corporation financing is not only a corporation financing when it is short of funds, and corporation financing pattern is not only indicating from which channel (bank or securities business) and how (stock or bond) a corporation gains the funds of producing and development, but also indicating the economic relations of stockholder, creditor, manager and employee, the relations are related to different patterns and effects of corporation governance. So the corporation-financing pattern is indeed a corporation governance structure. A lot of studies indicated that effective governance structure is an important pledge of promoting economic efficiency and protecting investors' rights and interests. As a result it is very necessary for these countries, especially China, whose economy are transforming, constituting effective finance system and corporation governance structure through studying the relations of corporation financing and governance structure.