首页|论股债结合型融资的投资者保护——以投资者参与公司治理为中心

论股债结合型融资的投资者保护——以投资者参与公司治理为中心

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股债结合型融资投资者参与目标公司治理的主要目的在于保护投资资金安全和保障投资收益正常取得.利益相关者理论、股东和债权人的利益分析理论以及公司经营者的利益分析理论为股债结合型融资投资者参与公司治理提供了理论依据.投资者参与公司治理的路径分为两个方面:一是可以通过法律规定或合同约定取得表决权、人事权等部分公司治理权能,在公司经营过程中通过行使相应权利维护自身利益;二是在合同漏洞不可避免的前提下,投资者可以依靠公司治理中各参与者的信托义务对未约定或约定不明的事项进行弥补,立法者可以从修订相关制定法的角度完善投资者保护规制体系.
On the Equity and Debt Financing Investor Protection:Focusing on the Way of Investors Participating in Corporate Governance
The main purpose of equity and debt financing investors participating in the governance of the target com-pany is to protect the safety of investment funds and ensure the normal acquisition of investment returns.The stake-holder theory,the interest analysis theory of shareholders and creditors,and the interest analysis theory of company operators provide a theoretical basis for equity and debt financing investors to participate in the governance of the company.The path for investors to participate in corporate governance is divided into two aspects.One is that,through legal provisions or contractual agreements,investors can obtain certain corporate governance powers such as voting rights and personnel rights to protect their own interests during the operation of the company by exercising the corresponding rights.The other is that,under the premise that contractual loopholes are inevitable,investors can re-ly on the fiduciary obligations to make up for matters that have not been agreed upon or are not specified in the agreement,and legislators can improve the regulatory system of investor protection from the perspective of amending relevant statute law.

equity and debt financinginvestor protectioncorporate governancefiduciary duties

陈冠华

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北京工商大学法学院,北京 100048

股债结合型融资 投资者保护 公司治理 信托义务

2024

山西大学学报(哲学社会科学版)
山西大学

山西大学学报(哲学社会科学版)

CSSCICHSSCD北大核心
影响因子:0.423
ISSN:1000-5935
年,卷(期):2024.47(4)
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