Financial Crisis and Corporate Governance Reform—A Study of Risk Management and Incentive Mechanism

摘要：

Corporate governance must be reformed accordingly under the pressure of global financial crisis. It is a selection problem in practice, as well as a proposition which is worth to be studied deeply to get a reply. This paper studies such a topic based on the theories of risk management and incentive mechanism and draws a conclusion that poor risk management and unreasonable incentive mechanism are responsible to this mess. Therefore, it is promoted that the reform of corporate governance must breakthrough the above two aspects and a sound risk management and science incentive compensation mechanism are necessary during the reform of corporate governance.

关键词： Financial crisis Corporate governance Risk management Incentive mechanism

作者: TAN Duojiao ZHANG Zhaoguo

作者单位: Hubei University of Economics, P.R.China, 430205 Huazhong University of Science and Technology, China, 430074

会议类型: 国际会议

会议名称: The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)

会议地点: 天津

会议语种:英文

页码: 1054-1058

在线出版日期: 2009-09-01（万方平台首次上网日期，不代表论文的发表时间）