我国债权银行参与企业债务治理方式的研究

Research on the Ways for Creditor Banks to Participate in Enterprise Debt Governance in China

企业债务治理效率要通过债权银行的积极参与才能得以提高,而银行的参与程度直接表现为对债务企业事前、事中、事后监控方式的选择。作为独立的市场主体,债权银行在既定的法规边界内,通过权衡参与治理过程中产生的收益、风险与成本等因素,依此来选择最适合的参与方式。因此事前监控是现阶段我国债权银行参与企业债务治理的主要方式。

The efficiency of enterprise debt governance can be improved when lenders positively monitor borrowers. The degree of participation in debt governance depends on bankers＇ choice of ex-monitor, mid-monitor or post-monitor. Being independent market-participants, creditor banks are in a position to choose the most suitable ways to participate in enterprise debt governance within the range of existing laws and regulations, through weighing the factors of proceeds, risks and costs accruing from participation in governance. The conclusion of this paper is that the ex-monitor is now the principal way for banks to participate in enterprise debt governance in China.