高新技術企業(yè)公司治理結構研究.pdf

1、上海交通大學碩士學位論文高新技術企業(yè)公司治理結構研究姓名：張震申請學位級別：碩士專業(yè)：企業(yè)管理指導教師：宣國良2001.1.1主墮圭鲞奎煎叁堂壘些重堡塑圭蘭垡堡查點塹塾查壘些塵旦墮里絲塑三至笪AbstractAftertheresearchofthehitechcompaniesintheworld，wefindthatduringthegrowthcourseofthiskindofcompanies，mostofthemcannot

2、formasuitofsystemtobalancetherelationshipbetweentIledifferentinterestgroupssuchasinvestors，innovators，managers，scientistsandcommonstaffswithoutefficientinspiritingandrestrictingwithoutefficientdesigningofthepropertytight

3、structureAlloftheseproblemscarlbesummeduptothecategoryofcorporategnvemanceArrangingownershipistheacademickernelofcorporategovernance，andsettingpropertyrightstructureandinspiritingandrestrictingmechanismaretwobasicelement

4、sofitCorporategovemancewillchangealongwiththegrowthofthecompanies，andwillhaveitsstaggeredcharactersbecauseoftheconstantlychangingoftheinternalconditionsandexternalenvironmentAtthesametime，thecompanywilloptimizethechoiceo

5、fthesystemanditsformatTherearethreedevelopmentmodelsofhitechcompaniesinchina，namedasindependentgrowthmodel，transformationmodel，andgovernmentorientedmodelInthispaperwefocusontheindependentgrowthmodelmadwanttostudyitscorpo

6、rategovernanceWefindthatthereisakindofinteractiverelationshipbetweentheinnovativeperformanceandtechnicalenvironment，consumermarket，andespeciallycorporategovemanceasakeyinternalelementwillbringinteractionwiththeinnovative

7、performanceInthispapeLwealsostudythebasicstaggeredcharactersofthepropertyrightstructureandinspiritingandrestrictingmechanism，andwedividethewholegrowthCOUrseofthehitechcompaniesintofivestages，whicharebasicresearchstage，se

8、edstage，trial—productstage，scale—productstageandre—carvestagePropertyrightstructureofthehitechcompaniesinchinatransformsstepbystepfromownercentralizationmodeltojoint—stockmodel，Andduringtheprocessoftransformation，hitechc

9、ompaniesinchinawillfaceahotpotato，suchasthepunchdrunkinitialpropertyrightAccordingtothe‘‘SiTongmodel”，wefindthatwestillcanhandletheproblemofsettingpropertyrightstructuresmoothlythoughdesigningthesuitableprinciplesandadop

10、tingcorrespondingrestructuremodeOnthesideofinspiritingandrestrictingmechanism，ourhi—techcompanieswillalsofacethetransformationfromtheshort，termsystemtolongtermsystem，andthePhantomStockPlanismorefitforChinesepoliticalenvi