Investor Finance -- Parent Company's Financial Incentives and Constraints on Subsidiaries

Author: Xie Zhihua
Publisher:
Publish Date: 2001-10-01
Features: This series of books is based on the principle of the separation of ownership and management rights in enterprises and the spirit of national financial management documents for investors, focusing on the equity control, organizational design, and financial supervision of conglomerates. With the establishment of modern systems and the improvement of legal structures in China, senior employees who earn a living through knowledge and management skills—professional managers—have become an independent group actively participating in China's economic stage. They play an increasingly important role in corporate governance, business operations, and capital markets. Their words and actions are receiving widespread attention from the entire society. In modern corporate systems, there is a principal-agent relationship between corporate investors and managers. This series of books is based on the principle of the separation of ownership and management rights in enterprises and the spirit of national financial management documents for investors, focusing on the equity control, organizational design, and financial supervision of conglomerates.