Jensen and meckling ( 1976 ) combined the various factors of the agency theory , property rights theory and financial theory to a kind of corporate ownership structure theory and intrigued the upsurge of the corporate governance study 詹森和麦克林( 1976 )将代理理论、产权理论和金融理论的各种要素结合起来，发展了一种有关企业所有权结构的理论，由此引发了公司治理研究的学术热潮。
The sixth chapter points out on the comparison of the insider governance instruments that the current chinese judicial environment and ownership structure determine the directorate and control rights market ' s limitation on the insider governance 第六章在对内部人治理工具比较研究的基础上指出，中国当前的司法环境和所有权结构决定了董事会和控制权市场在内部人治理中的局限性。
Llsv ( 1999 ) made demonstration research on 27 developed market economy countries " ownership structure and found out the complete separation of proprietorship and control rights was simply a conception and apotheosis even in the largest corporate Llsv ( 1999 )对27个成熟市场经济国家的所有权结构进行了实证研究，他们发现即使是在规模最大的企业中，完全的两权分离只是一个概念和神化。
It ' s mainly analyzed the internal structure of corporate governance : the structure of propriety rights ; the right arrangements in the upper level of corporate governance ; the encouragements and control of the managers and the characteristics of the corporate governance in japan 主要剖析日本公司治理模式的内部结构:所有权结构、最高层权力安排、经营者的监督与激励机制以及日本公司治理模式的特征。
Part three : through the analyses we can comprehend that how do the structure of propriety rights influence the economic growth , explained artificial persons " inter - holding and the main bank system how to affect the economic system in positive and negative aspects 第三部分:分析日本公司治理模式中所有权结构对日本经济造成的影响，即相互持股与主银行制对日本经济产生的积极与消极作用.第四部分:分析日本公司治理模式的走向与改革趋势
They are firm size , profitability , non - debt tax shield , growth , tangibility , ownership structure and firm governess structure which are based on the issues of empirical study . the results suggest that the capital structures of our listed corporations are different comply from those of the empirical analysis in developed countries , 公司的盈利能力、公司规模、成长性、非债务税盾和所有权结构对上市公司资本结构影响显著,并且在各年的影响程度不同。
Meckling model of analyzing enterprise ownership structure , author study our country environment impacting on the eso efficiency and get the conclusion : though the implement of the eso in bank of our country can change the traditional rigid method of salary distribution , correct nearsightedness of senior executive and excite positive psychology , but because of many environments restrictions , the effect of the eso was give a great discount . so if implying this encouragement scheme , we must take the road of china in the bank of our country . referring to western bank experiences , author has discussed the eso schemes in our bank and designed the feasible schemes , which accords with the realistic objective condition 本文系统阐述了股票期权激励的基本原理及应用状况，对现行银行薪酬管理模式的问题及在银行业中实施股票期权激励的效应进行了探讨，并借用詹森、梅克林分析企业所有权结构模型来研究我国银行业的环境变化对股票期权作用效率的影响，得到结论：尽管我国银行实施股票期权激励能改变传统的僵化薪酬分配方式，纠正高管人员的短视心理，激发工作积极主动性，但由于我国的证券市场效率较低，大多数银行的产权治理结构不完善，税收、会计、法律制度不健全这些内外部环境的制约，将使股票期权的激励效率大打折扣，因此，在我国的银行业中实施这一激励方案必须走中国化的道路。
It is necessary to perfect the laws and regulations about mbo and make it legislatorial . part is about the qualitative analysis of the management buy - out . mbo is one of the a & m measures that manager who loans money to buy stock shares of his own corporation so as to change the ownership structure of the corporation and gain anticipated interests 本文首先对管理层收购进行定性分析,认为管理层收购是管理层利用自有资金或外部融资来购买其所经营公司的股份,以此完成由单纯的公司管理者到股东法律地位的转变并进而改变公司所有权结构、控制权结构的商事行为。
Does financial package affect the behavior of insiders in infringing minority shareholders " interests ? upon such situation , this paper employs the efficiency of ownership structure for chinese listed companies as the studying subject and categorizes ownership structure into four patterns : absolute controlling model , relative controlling model , control sharing model and diffuse model . the integration of theoretical analysis and empirical study is adopted by this paper 中国上市公司所有权结构效率研究为此，本篇论文选择我国上市公司所有权结构的效率问题作为研究主题，并且将上市公司的所有权结构分为四种基本类型:绝对控股型、相对控股型、控股竞争型和股权分散型，分别应用理论分析和实证研究二种方法考察不同的所有权结构类型在保障中小股东权益的效率上是否存在差异。
At the same time , study on efficiency of ownership structure also has some practical values . as for chinese stock market , to understand such phenomenon as " a dominant shareholder " and to design and implement the policy of downsizing state - owned shares all call for the study on efficiency of ownership structure . furthermore , some feasible policy suggestions on how to protect the minority shareholders " interests can be put forward based on such study 同时，所有权结构效率研究还具有很重要的现实意义，就我国股市的实践而言，正确认识我国上市公司“一股独大”的问题和设计及实施“国有股减持”方案实际上都与所有权结构效率的研究有关，此外，所有权结构效率研究还将为我国上市公司如何制定和建设中小股东权益保障机制提供理论依据。
