卖空机制对公司代理问题的影响研究综述

A Review on Impacts of Short Selling Mechanism on Corporate Agency Issues

作为一种创新的市场交易机制,卖空机制在证券市场中起着重要的作用,同时其对公司治理行为的影响也具有不容忽视的作用。对于公司来说,如何进行治理这一问题是其达到经营目标和推动企业获取最大利润的核心所在。不少研究者主张,公司治理的核心在于公司代理问题。本文将卖空机制对公司治理中的三个代理问题的影响的相关文献进行归纳阐述,以期对后续研究有借鉴之意义。

As an innovative market trading mechanism,short selling mechanism plays an important role in the securities market,and at the same time,its important role on corporate governance behavior cannot be ignored.How to govern is the core for a company to achieve its business goals and promote it to get maximized profits.Many researchers hold that the core of corporate governance lies in the problem of corporate agency.This paper summarizes the relevant literature about the influences of the short selling mechanism on the three agency issues in corporate governance,hoping to provide references for future research.