摘要
本文将上市公司非理性投资行为划分为“不自量力”、“为所欲为”、“任人宰割”三类,并给出相应的定义。不论其表现形式如何,上市公司非理性投资行为的根源在于公司治理机制的不完善,必须从优化上市公司股权、重组董事会以及关联公司集团化治理方面完善治理机制,以减少非理性投资行为的发生。
The irrational investment behavior of the listed corporations can be categorized as the investment ex-ceeding one' s ability,the wrongly choice of investment and the irrational investmen t in control of the largest shareholder.The source of these lie s in the imperfection of the governan ce mechanism of the corporate.The per-fection of the governance mechanism can be realized by optimizing the sto ck ownership of the listed corporations,reorganizing the board of directors and governing all the affiliated ent erprises as a whole corporation.
出处
《中国软科学》
CSSCI
北大核心
2002年第1期65-69,共5页
China Soft Science
基金
国家自然科学基金(NSFC)
加拿大CCUIPP联合资助项目(批准号:70142011)
关键词
中国
上市公司
非理性投资行为
股权结构
治理结构
集团化治理
治理机制
表现形式
irrational investing behavior
the ownership structure
corporate governance
governing affiliated en-terprises as a whole corporation
