A Study on the Structure of Corporate Financial Dynamic Governance

Property rights can be classified into the conception of general property rights based on company fair or the conception of surplus property rights based on company efficiency according to the complete parts or incomplete parts in contracts.Then financial governance can be assorted into the stationary governance based on corporate fair and the dynamic governance based on corporate efficiency.Financial dynamic governance structure attaches great importance on efficiency of property rights allocation,especially focusing on surplus property rights allocation with superiority.Last but not least,financial dynamic governance structure mainly embodies adjustment and dynamic improvement of financial capital structure,including dynamic optimization of capital structure,stockholder's rights structure and creditor's rights structure.