【作者】 许江波；

【机构】 首都经济贸易大学会计学院；

【摘要】 近期西方国家发生的一系列公司破产案引起了人们对公司破产问题的关注。本文利用代理理论进行分析,认为公司破产的深层次原因在很大程度上是源于企业的代理成本问题,具体来讲就是在于企业所有者、经营者与债权人之间的代理冲突。通过进一步分析本文提出股东与债权人之间的利益平衡理论,之所以会出现破产主要是由于公司治理和会计系统失效。最后本文结合著名公司破产案例,对能够有效降低公司破产风险的有效的公司治理和会计系统的重要特征进行了论述。更多还原

【Abstract】 Based on the agency theory,the paper argues that the deeper reason for corporation bankruptcy mainly consists in the agency cost problem stemming from the agency conflict between the proprietors,managers and the debtors within the organization.By further analysis,the paper recognizes the theory of equilibrium between the stockholders and the debtors,and reveals that to some extent it is the failure of the corporate governance and the accounting system that cause the corporation bankruptcy. Finally combined with actual proof from the bankruptcys cases,the paper identifies the essential features which the corporation governance and accounting system should acquire for the purpose of reducing the probability of the corporation bankruptcy.更多还原