A Study on the Relationship between Capital Structure and Corporate Governance toward Innovative Firm

被引：0

作者：

Lou Jian-wei ^{[1
,2
]}

Chen Ye-wei ^{[2
]}

机构：

[1] Zhejiang Gongshang Univ, Coll Business Adm, Hangzhou 310018, Zhejiang, Peoples R China

[2] Zhejiang Univ City Coll, Hangzhou 310015, Peoples R China

来源：

PROCEEDING OF 2012 INTERNATIONAL SYMPOSIUM ON MANAGEMENT OF TECHNOLOGY (ISMOT'2012) | 2012年

关键词：

capital system; capital structure; ownership structure; debt structure; corporate governance; innovative firm; CHINA;

D O I：

暂无

中图分类号：

TP301 [理论、方法];

学科分类号：

081202 ;

摘要：

This paper investigates how the capital structure and the allocation of control rights can be used as a commitment mechanism to encourage non-contractable managerial initiative. This paper builds the framework to analyze how the capital structure influences the corporate governance. This framework includes the analysis of both equity structure and liability structure. In this framework, the article analyzes the influence of the equity structure and liability structure of the listed Chinese corporations on governance. What's more, based on the analysis, the paper put forward advices about how to improve the governance structure of innovative firm.

引用

页码：506 / 508

页数：3

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