摘要
本文借鉴家族企业继任模型,研究了投资者保护对公司股权结构安排产生影响的作用机理,认为投资者保护程度是决定公司股权结构安排的重要因素,公司治理结构中最优股权结构模式的选择在一定程度上受投资者保护的法律体系健全与否的影响。
By citing a model of succession in family firms, this paper investigates the mechanism through which investor protection affects corporate equity ownership structure. It reveals that investor protection level is a key factor in shaping corporate equity ownership structure; and that the legal system of investor protection is healthy or not is the principal constraint on the optimal model choice of equity ownership structure.
出处
《当代财经》
CSSCI
北大核心
2004年第8期59-64,共6页
Contemporary Finance and Economics
关键词
投资者保护
股权结构
公司治理
investor protection
equity ownership structure
corporate governance
