CORPORATE GOVERNANCE IN ASIA
CORPORATE GOVERNANCE IN ASIA
复制标题
亚洲的公司治理
DOI：
10.18356/c89f4feb-en
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发表时间：
2006
期刊：
影响因子：
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通讯作者：
Bob Y. C. Chan
中科院分区：
文献类型：
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作者：
S. Cheung;Bob Y. C. Chan
本研究报告审查了亚太区域一些国家的公司治理状况。自1990年代初以来，公司治理日益受到全世界监管机构和从业人员的重视。改善本区域公司治理的一个关键方面是，改善对投资者的保护和提高信息的透明度将促进当地资本市场的发展，并促进外国投资，为长期经济发展提供资金。作者建议，各国应首先侧重于提高国家监管标准和公司实践，而不是试图从一开始就达成一套共同的矩阵。当个别国家制定了适当的治理标准时，最佳做法守则就可以纳入一个一致的框架，供所有国家发展区域一体化程度更高的资本市场。公司治理是指通过一个系统来监测和控制公司的行为。公司治理的重要性在于，在现代经济中，大公司通常与提供资本的各方之间的劳动分工有关（即，股东）和管理资源的各方（即，管理）。这两个群体之间的利益冲突可能会导致对管理人员的监督不足，对公司的投资低于最佳水平，或一些股东被剥夺。在这些情况下，如果没有足够的手段来确保公司受到适当的监督，股东可能会受到伤害。到1990年代初，发达国家决策者对公司治理的兴趣大大增加。在普遍关注公司界的总体效率之后，讨论和研究了三个问题。第一、
This study examines the state of corporate governance in some countries in the Asia-Pacific region. Since the early 1990s, corporate governance has been receiving increasing attention from regulatory bodies and practitioners worldwide. A key aspect of improving corporate governance in the region is that improved investor protection and more transparent information will enhance the development of local capital markets and promote foreign investment to provide funds for long-term economic development. The authors suggest that individual countries should first focus on improving national standards of regulation and corporate practice rather than attempt to reach a common set of matrices from the start. When appropriate governance standards are in place in individual countries, codes of best practice could then be integrated into a consistent framework for all countries to develop more regionally integrated capital markets. Corporate governance refers to the system through which the behaviour of a company is monitored and controlled. The significance of corporate governance is that in modern economies large corporations are typically associated with a division of labour between the parties who provide the capital (i.e., shareholders) and the parties who manage the resources (i.e., management). Conflict of interest among the two groups might lead to insufficient monitoring of the executive, suboptimal levels of investment in the firm, or some shareholders being expropriated. In these scenarios shareholders might be hurt if there are not sufficient means to ensure that the company is properly monitored. Interest in corporate governance by policy makers in developed countries had grown significantly by the early 1990s. Three issues were addressed and studied following a general concern with the overall efficiency of the corporate world. First,