Demonstrative research on the impact of debt structure on corporate governance

The close relationship between efficiency of debt governance and debt structure is given in this paper.Through the research on debt structure of medicinal list companies of China and its influences on corporate governance with descriptive statistics,this paper shows that debt structure of these companies has many illogical character and governance effect of debt does not show up fully.Efficiency of debt governance can be improved if expanding financing channels of debts,deepening the corporate restructure of state-owner commercial banks and setting up effective securing system of paying off debts.