The right to social security is the basic right of citizens of a country. The International Covenant on Economic, Social and Cultural Rights, which came into effect for China on June 27, 2001, stipulates in its Articl...The right to social security is the basic right of citizens of a country. The International Covenant on Economic, Social and Cultural Rights, which came into effect for China on June 27, 2001, stipulates in its Article 9 that "the States Parties to the present Covenant recognize the right of everyone to social security, including social insurance." It also says in its Article 2 (1) that "each State Party to the present Covenant undertakes to take steps, individually and through international assistance and co-operation, especially economic展开更多
Under the existed system, the capital structure is the basis of the corporate governance, the structure of the corporate governance is the reflection of the capital structure. The choice of the capital structure decid...Under the existed system, the capital structure is the basis of the corporate governance, the structure of the corporate governance is the reflection of the capital structure. The choice of the capital structure decides the level of the corporate governance to a great degree. This paper discusses the governance effect of Chinese public corporation in the view of capital structure. At last, the author suggests that the government should change the state of state-owned stock which takes a great proportion, make the state-owned stocks and corporation stocks enter and circulate in the market, develop investment banks, promote the stockholder＇s rights to circulate and recombine, enhance the supervision and the management of the stock markets, perfect the mechanism of the market＇s operation, set up the mechanism of the way to protect to pay back the debt, perfect the system of bankruptcy and develop the way of bond-financing, offset the drawbacks of the indirect-financing among banks and so on. All of the advice was given to perfect the public company＇s capital structure and improve the efficiency of the corporate governance.展开更多
文摘The right to social security is the basic right of citizens of a country. The International Covenant on Economic, Social and Cultural Rights, which came into effect for China on June 27, 2001, stipulates in its Article 9 that "the States Parties to the present Covenant recognize the right of everyone to social security, including social insurance." It also says in its Article 2 (1) that "each State Party to the present Covenant undertakes to take steps, individually and through international assistance and co-operation, especially economic
文摘Under the existed system, the capital structure is the basis of the corporate governance, the structure of the corporate governance is the reflection of the capital structure. The choice of the capital structure decides the level of the corporate governance to a great degree. This paper discusses the governance effect of Chinese public corporation in the view of capital structure. At last, the author suggests that the government should change the state of state-owned stock which takes a great proportion, make the state-owned stocks and corporation stocks enter and circulate in the market, develop investment banks, promote the stockholder＇s rights to circulate and recombine, enhance the supervision and the management of the stock markets, perfect the mechanism of the market＇s operation, set up the mechanism of the way to protect to pay back the debt, perfect the system of bankruptcy and develop the way of bond-financing, offset the drawbacks of the indirect-financing among banks and so on. All of the advice was given to perfect the public company＇s capital structure and improve the efficiency of the corporate governance.
