2004•Unpublished venueRequires access
Interrelated Analysis on Share Ownership Structure and Corporate Governance--Its Inspiration to China
Tian Yin-hua
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Abstract
Because of the differences in the structure of share ownership, it forms two models. One is an American model of corporate governance with the feature of decentralized share ownership, mainly depending on external market governance, the other is the model of corporate governance of Japan and Germany with the feature of centralized share ownership, mainly depending on Internal governance of major shareholders. As for mature market economy, there is no definite agreements on the relationship between share ownership structure and achievement of corporate governance. China is at the stage of economictrack-turning, and there exist many deficiencies in the model of corporate governance.Through comparison and inspiration, China should construct the model of corporate governance on the basis of share ownership structure of moderate intensive degree.