金融创新视域下的公司治理——公司法制结构性变革的一个前瞻性分析

发布时间：2018-03-06 04:25

本文选题：金融创新　切入点：公司治理　出处：《法学评论》2010年06期 　论文类型：期刊论文

【摘要】：金融创新的日新月异使金融法和公司法出现了交错,并给公司法制的结构性变革描绘了全新的图景:在公司融资方面,证券市场将成为重要的资本来源地,直接融资取得主导地位;在股权结构方面,机构投资者将异军突起,不但成为资本市场的稳定力量,而且促使股权结构趋于合理;在投资者保护方面,混合金融商品将给投资者利益保护添加难度,金融商品的风险隔离机制与投资者的诉讼救济机制将得到完善;在公司监管方面,金融商品的统合规制将是大势所趋;公司主体方面,对冲基金、私募基金等规制与监管将会成为焦点。在金融创新滚滚洪流的不断冲击之下,中国公司法制同样需要放弃对公司"人情伦理"、"自我治理机制"及"自我实现型公司法"的一厢情愿式的迷恋,构建起内外有效监控的现代公司治理模式。
[Abstract]:The rapid development of financial innovation has made financial law and company law intertwined, and painted a new picture for the structural transformation of corporate legal system: in terms of corporate financing, the securities market will become an important source of capital. Direct financing has gained a dominant position; in terms of equity structure, institutional investors will emerge suddenly, not only as a stable force in the capital market, but also as a means of rationalizing the equity structure; in terms of investor protection, The mixed financial commodities will add difficulty to the protection of investors' interests, the risk isolation mechanism of financial commodities and the litigation relief mechanism of investors will be perfected, in the aspect of company supervision, the integration regulation of financial commodities will be the trend of the times. As for the main body of companies, the regulation and regulation of hedge funds and private equity funds will be the focus. Under the constant impact of the torrent of financial innovation, China's corporate legal system also needs to give up its wishful infatuation of "human ethics", "self-governance mechanism" and "self-actualized company law", and construct a modern corporate governance model of internal and external effective monitoring.
【作者单位】：武汉大学经济法研究所;武汉大学法学院;
【分类号】：F276.6;D922.291.91

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