Corporate governance deals with the agency problem because of the separation of management and finance in modern enterprises. The paper discusses two typical systems in developed countries market-based system and bank...Corporate governance deals with the agency problem because of the separation of management and finance in modern enterprises. The paper discusses two typical systems in developed countries market-based system and banking-based system. Four decisive elements for the formation and changing of corporate governance are found on the basis of analysis .above. The author believes there is no absolute uniform of so called ＂good＂ co.rporate governance. It depends much on the specific environment of different countries and companies.展开更多
文摘Corporate governance deals with the agency problem because of the separation of management and finance in modern enterprises. The paper discusses two typical systems in developed countries market-based system and banking-based system. Four decisive elements for the formation and changing of corporate governance are found on the basis of analysis .above. The author believes there is no absolute uniform of so called ＂good＂ co.rporate governance. It depends much on the specific environment of different countries and companies.
