国际金融衍生品交易机构投资者的内部治理

On Interior Governance of Institutional investors for Transactions of International Financial Derivatives

机构投资者是国际金融衍生品的主要投资和投机主体,国际金融衍生品合约的不完全性导致需要对国际金融衍生品交易进行治理,由于机构投资者参与国际金融衍生品交易的潜在的高风险特性和机构投资者与整个金融乃至经济体系的高关联性,使得机构投资者的内部治理是国际金融衍生品交易的一种重要的治理机制。机构投资者的内部治理是一个合理的激励机制的设计问题和内控制度制定和执行的问题,通过合理的产权安排以促进机构投资者以资源、知识和能力为基础的机构投资者能力和核心竞争力的培养和发展。

Institutional investors are the main dealers in international financial derivatives transactions. There are of potentially high risks and immense connection with the financial or even the whole economic system and inner governance within the institutional investors is one of important governance mechanisms which is a issue of reasonable incentive design and interior control. Proper property rights can cultivate the competence and core competitiveness based on resources, organizational knowledge and organizational competence.