摘要
所有权与控制权分离一直是公司治理理论研究的焦点所在。通过对企业形态演进、公司治理理论进化与两权分离的分析,将两权分离划分为从股东向经营者转移、从中小股东向大股东转移、从股东与经营者向其他核心利益相关者转移等三个阶段,认为两权分离是一个分离程度逐步深化的动态演化过程。针对这一过程,从资本筹集、效率、能力、政治、社会文化与法律、利益平衡等六个维度深入探讨了两权分离的原因所在,全面呈现了两权分离的推动因素。
Separation of ownership and control is the focus of corporate governance.Through the analysis of the evolution of the corporate form,the evolution of corporate governance theory and the separation of ownership and control,it is separated into three stages：from the shareholders to the management,from small shareholders to large shareholders,and from shareholders and management to other core stakeholders.The separation is a dynamic process,and the degree is deeper and deeper.The paper studies the reasons of the separation from six aspects,such as capital,efficiency,capacity,politics,cultu1 eand law,and balance of interests.It presents the more comprehensive driving factors of the separation of ownership and control.
出处
《福建行政学院学报》
2016年第1期112-120,共9页
Journal of Fujian Administration Institute
关键词
公司治理
两权分离
动态演化
核心利益相关者
corporate governance
separation of ownership and control
dynamic evolution
core stakeholder
