摘要
在我国资本市场上,"一股独大"股权结构所引发的控股股东与中小股东之间的代理问题成为公司治理的核心。在股权结构不合理的环境下,独立董事的有效性难以发挥。引入机构投资者使其与大股东抗衡,可以让独立董事真正独立。通过分析独立董事有效性以及机构投资者对公司治理的影响,可以探讨引入机构投资者对独立董事制度的影响,结合独立董事制度与机构投资者,可以提出解决公司治理核心问题的方法。
In the capitalist market of China, the principle-agent problem between the dominant shareholders and minority share-holders caused by the ownership structure of the dominating shareholder becomes the core problem of corporate governance. Under the environment of the unreasonable ownership structure, it is difficult to play the role of the effectiveness of the independent director. The introducing of institutional investors shapes a confrontation against the large shareholder, which enables the independent director to be truly independent. The paper first analyses the effectiveness of independent director and the influence of the institutional investors on cor-porate governance, then further discusses the influence brought by introducing institutional investors on independent director, and at last puts forward approaches to the core problem of corporate governance by taking both independent director system and institutional in-vestors into consideration.
出处
《铜陵学院学报》
2013年第4期45-48,共4页
Journal of Tongling University
关键词
独立董事
机构投资者
公司治理
independent director
institutional investor
corporation governance
作者简介
金琼（1990-），女，安徽安庆人，安徽财经大学2012级会计学硕士研究生。
