Standardizing Corporate Governance and Stimulating Innovational Development of Financial Industries
The world economy is an integrated component today, thus the global economic recession brought about by US financial industrial crisis has already been touching every corner on the earth. Most people have attributed the global economic crisis to the US financial innovations, liberalizations and the spreading of financial crisis in Europe and America, as well as around the world. Of course, those people their criticisis have their own grounds. However, the indisputable fact is that innovations in the financial sector in US since the early 1970s has greatly stimulated the rapid growth of US economy and financial industries. In contrast, the weak development of Chinas financial system, particularly in local level, has led to difficulties for China to deepen its economic reform and development in regions. The corporate governance of Chinas financial industries have not yet been perfect, there are lacking of incentive mechanisms for financial innovation in China. In order to maintain the stability of financial industries and keep a sustained economic growth in China, the best way is to standardize corporate governance of financial industry and promote innovations among financial sector.
financial crisis corporate governance financial innovation
WANG Zhikai
Department of Finance, Zhejiang University, Hangzhou, China, 310027
国际会议
The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)
天津
英文
1745-1751
2009-09-01（万方平台首次上网日期，不代表论文的发表时间）