财经科学
財經科學
재경과학
Finance and Economics
2015年
7期
30~38
,共null页
股权结构 利益相关者 信用关系
股權結構 利益相關者 信用關繫
고권결구 이익상관자 신용관계
Equity Structure; Stakeholder; Credibility Relation
本文重点研究了股权结构对于利益相关者信用关系的影响。利益相关者之间的承诺及其履约状态、结果能够较为集中地和具体地表达利益相关者之间的关系,而这种关系实际上是受到企业治理因素的直接或者间接影响的,其中,作为治理因素之一的股权结构尤其突出。本文通过实证研究发现了二者之间的四个维度的关系,这四个维度包括管理严谨度、企业绩效、履约积极性、履约时间。
本文重點研究瞭股權結構對于利益相關者信用關繫的影響。利益相關者之間的承諾及其履約狀態、結果能夠較為集中地和具體地錶達利益相關者之間的關繫,而這種關繫實際上是受到企業治理因素的直接或者間接影響的,其中,作為治理因素之一的股權結構尤其突齣。本文通過實證研究髮現瞭二者之間的四箇維度的關繫,這四箇維度包括管理嚴謹度、企業績效、履約積極性、履約時間。
본문중점연구료고권결구대우이익상관자신용관계적영향。이익상관자지간적승낙급기리약상태、결과능구교위집중지화구체지표체이익상관자지간적관계,이저충관계실제상시수도기업치리인소적직접혹자간접영향적,기중,작위치리인소지일적고권결구우기돌출。본문통과실증연구발현료이자지간적사개유도적관계,저사개유도포괄관리엄근도、기업적효、리약적겁성、리약시간。
This paper studies the effect of share structure on stake holder＇ s credit. We found that the agreements made by stake holders and the implementations highly reflect the relationships between stake holders which are affected by either directly or indirectly by the firms＇ governance. As share structure is one of the key factors of firms＇ governance, this paper examined the relationships between share structure and stake holders＇ credit through four dimensions which are rigorous degree in management, firms＇ performance, activities and timing of performance.
