【摘要】 在公司治理实践中,经理自主权配置与监督机制缺一不可。对上市公司内部监督机制及其有效性进行研究发现:就股东监督的有效性而言,股东大会次数、股东大会出席股份比率、最终控股股东属性、第一大非国有股比率四项指标能够有效度量股东监督的有效性,保障公司价值最大化;就董事会监督的有效性而言,独立董事比率、董事会次数、次级委员会设置状况、持股关联董事比率四项指标能够有效度量董事会监督的有效性,从而保障公司价值最大化。更多还原

【Abstract】 In the practice of corporation management,the manager’s decision-making power and the supervision mechanism are all indispensable.By researching the inner supervision mechanism and its validity of the listed company,we can find that as for the supervision on the stockholders,there are four indexes can measure the validity of supervision on the stockholders and ensure the optimum value of companies,which include the times of stockholders’ meeting,attendance stock rate of stock-holders’ meeting,ultimate stockholders’ contribute and the biggest non-state owned stock rate.As for the supervision on the board of directors,these four indexes are the rate of independent directors,the times of the board of directors,the conditions of secondary committee and the rate of related directors holding stocks.更多还原