企业治理结构的变迁:一个基于产权博弈的观点

The Variance of Corporate Governance: A Viewpoint from Game of Property Rights

本文在阐述企业治理结构和产权等相关概念的基础上,从产权博弈的角度对于当今典型的内部监控型企业治理结构和外部监控型企业治理结构的变迁作了深入的分析。本文的结论是:企业治理结构的变迁是产权博弈的结果。考虑市场因素和制度环境下的资本产权当事人之间博弈均衡形成的企业治理结构将是一种合理的形式。

Based on the concepts of corporate governance and property rights, this paper has done a deep analysis to variance of current inner - supervising and outer - supervising corporate governance by using the way of game of property rights. Our conclusion is: the fluxing of corporate governance is the result of game of property rights. The corporate governance which is formed on the basis of parties' game of property rights by considering the factors of markets and institutional environments would be a rational one.