跨国公司在华企业公司治理机制研究

公司内部治理机制与外部治理机制是以企业边界为划分界线的，企业边界的变化带来了具体划分的某些变化。针对跨国公司在华投资企业的边界特点，内部治理机制包括董事会内部制衡机制、企业文化和信息披露机制；外部机制包括母公司对子公司的控制、经理激励监督机制及道德风险防范、财务审计机制和利害相关者治理等机制，最终形成了以外方母公司为主导的公司治理机制和偏向于外方的博弈均衡。

Research on Corporate Governance of TNC-invested Enterprises in China

Enterprise border is the line to define inner governance mechanism and outer governance mechanism.The change of enterprise border brings about some changes of the definition.According to the characteristics of the border of TNC-invested enterprises in China,the inner governance mechanism includes inner checking and balancing mechanism of the board of the directors,corporation culture and information disclosure mechanism.The outer governance mechanism includes the controlling a sub-company from its parent company,inspiration and supervision on managers and moral risk guarding,financial auditing,and stakeholders' governance.At last the foreign parent company-oriented governance mechanism has been formed.The quilibrium of the game prefers to the foreigners.