摘要
企业融资结构对企业治理结构产生十分重要的影响,但融资结构对我国国有企业的治理结构并没有产生积极的影响。其弊端主要表现为国有企业的信贷融资存在着严重的道德风险,股权融资存在重融资而轻治理,企业债券融资严重萎缩而未能形成有效的约束机制,构建合理的国有企业融资结构势在必行。
Abstract: The influence of the enterprise’ s financing structure on its governance structure, although being important, is not positive. The drawback gives much expression to the great risk of morality for the credit financing of state-owned enterprises, to the more financing and less governance for the stock ownership financing, and to the fact that the bond financing of enterprises withers so much that the constraint mechanism has not yet formed. It is imperative to establish a reasonable financing structure of state-owned enterprises.
出处
《上海大学学报（社会科学版）》
CSSCI
北大核心
2005年第2期33-36,共4页
Journal of Shanghai University(Social Sciences Edition)
关键词
国有企业
融资结构
治理结构
state-owned enterprise
financing structure
governance structure
