产权结构、企业契约和治理结构相互关系研究

文章指出,产权是一系列权利的集合体,可分为剩余索取权和剩余控制权两项。产权结构不仅便于明确各产权主体间的责、权、利关系,也是企业成为市场主体与企业契约有效达成的前提条件。企业契约对产权分析具有重要意义,是公司治理结构赖以产生的条件,剩余控制权与剩余索取权的配置是公司治理结构的决定性因素。企业产权结构的变化制约着公司治理结构的发展变迁,也制约着公司治理模式和治理绩效。公司治理结构的有效运作需要若干机制共同作用,才能满足公司治理的全部需求,保证公司治理的高效运行。

Research on Correlation between Property Right Structure,Enterprise Contracts and Governance Structure

The authors point out that property right is the integration of a set of rights.The structure of property right will not only help clarify the relationship between responsibility,right and benefit among different mainbodies of properties,but also be the precondition for enterprise contracts.Enterprise contract is of great significance to the analysis of property right and the condition for the emerging of enterprise property right structure.The development of corporate governance structure will be determined by the change of corporate property right structure;and corporate property right structure also determines the mode and performance of corporate governance.Joint effects of several related mechanisms will determine whether corporate governance can be implemented effectively.