【作者】 王冠；

【导师】 谢永珍；

【作者基本信息】 山东大学 ， 工商管理（专业学位）， 2013， 硕士

【摘要】 中国进行了30余年的经济体制改革(1978年),取得了举世瞩目的成绩,造就了一大批大型国有集团公司,这些集团型公司已经成为中国经济持续稳定增长的最基本保证。随着中国企业的国际化进程逐渐加快,为了加强企业的国际竞争力,应对新经济时代和经济全球化带来的挑战,中国大型国有集团公司通过并购(兼并与收购,Merger and Acquisition,简称M&A)等手段,不断扩大企业规模,快速向集团化方向发展,以获得规模效益,降低成本,共享关键资源,增强市场竞争力。然而,随着发展的深入,集团公司治理的问题逐渐暴露出来。目前在中国,对大型国有集团公司治理的研究还不够深入,随着国有经济的发展,对大型国有集团公司治理绩效提升途径的研究,有着重要的理论意义和现实意义。对公司治理的研究国内外众多学者都有深入的研究,包括股权结构、三会运作、激励体系等,学者们试图找出规律来归纳提高公司治理绩效的途径,但是结论均未能得到一致,也并未找到一个放之四海而皆准的准则或者规律。究其原因,我认为有两个,首先,影响公司治理的因素太多,且大部分因素都存在度的问题。以董事会治理为例,单纯关于董事会规模抑或独立董事人数等之类的问题,都因研究对象所处的行业、规模、外部环境等不同存在不一样的标准。其次,大多数的研究,都在关注治理结构对治理绩效的影响,但是有好的治理结构并不一定能带来好的治理绩效,这还需要与治理结构相结合的管理支撑体系。本文选取了国内某大型国有集团公司CACG为案例,首先从治理结构方面入手,对案例公司进行现状调查和分析,包括从股权结构、三会现状、高管激励等研究公司治理结构现状,从盈利能力、代理成本、社会责任、治理风险四方面研究公司治理绩效现状,找出治理存在的问题,并提出改善CACG治理绩效的途径。要想实现好的治理绩效,公司要在既定的治理结构下,建立一个有效的治理支撑体系。本文论述了集团公司治理支撑体系的概念,以及治理支撑体系建立的步骤：首先是集团公司总部功能的定位及核心职能设计,其次是总部与成员单位权责关系的界定、职能体系的构建,在这两点的基础上,论述治理支撑体系的构建方法。在结合CACG实际的前提下,从五方面设计了公司的管理支撑体系。对中国大型国有(集团)公司治理绩效的研究有助于指导中国国有企业完善管理、控制与协调机制,实现中国国有企业的改制和现代企业制度的构建,提高企业市场竞争力。此外,本文的研究成果不仅适用于大型国有(集团)公司的治理绩效的提升,同时,不同所有制形式、不同领域的企业集团治理绩效的提升也具有借鉴意义。更多还原

【Abstract】 For more than30years of economic reform (from1978), China has made remarkable achievements, and created a large number of large state-owned group companies. These group companies have become the most fundamental guarantees for China’s sustained and stale economic growth.As the internationalization process of Chinese enterprises gradually speed up, in order to strengthen the international competitiveness of enterprises, to the challenge of new economy and economic globalization, these large state-owned group companies via mergers and acquisitions(referred as M&A)and other means, continually expand the scale of enterprise, develop in the direction of collectivization rapidly, in order to obtain economies of scale, reduce costs, share critical resources, and enhance market competitiveness. However, group’s corporate governance problems gradually exposed with the deepening of the development. At present in China, the study of large state-owned group company governance is not enough in-depth. With the development of the group companies, the research of means to enhance the large state-owned groups corporate governance performance, has an important theoretical and practical significance.For corporate governance, many scholars at home and abroad have in-depth research, including ownership structure, the operation of the three boards, incentive system,etc. Scholars have tried to figure out a rule to summarize the ways to improve corporate governance performance, but the conclusions failed to get consistent, also they did not find an universal standard criterion or rule. Investigate its reasons, I think there are two. First of all, the influencing factors of corporate governance are too much, and most factors are matter of degree. In the board of directors governance, for example, simple about the scale of the board of directors or such problems as the number of independent directors, have different standards because of the different industry, scale, the external environment and so on of the study objects. Secondly, most of the studies are concerned about the governance structure impact on governance performance, but a good governance structure does not necessarily bring about good governance performance, it also requires the management support system which is combined with the governance structure.This article selects a large state-owned group company CACG as a case. First of all, from the aspects of governance structure, investigate and analyze the company present situation, and study corporate governance structure present situation from equity structure, three boards present status, the executive incentive. Discuss corporate governance performance present situation from the four aspects of profitability, agency cost, social responsibility, governance risk, and find out the problems existing in the governance, and puts forward ways to improve CACG governance performance.In order to achieve good governance performance, the company should establish an effective governance support system under the established governance structure. This paper discusses the concept of corporation governance support system, and the establishment steps of the governance support system: positioning of the headquarters functions and designing of the core function, defining the terms of the relationship of headquarters and members of the unit, constructing the function system. And from the three aspects, respectively discusses the construction ways to governance support system. On the premise of combining the reality of CACG, design the company’s governance support system from five aspects.Research for governance performance of China’s large state-owned (group) companies helps to guide China’s state-owned enterprises to improve the management, control and coordination mechanism, realize of China’s state-owned enterprises reform, construct of a modern enterprise system, and improve the enterprise market competitiveness. In addition, the result of this research applies not only to enhance the governance performance of large state-owned (group) companies, at the same time, it is useful for the governance performance improvement of group companies which have different forms of ownership or in the different field.更多还原