論文 摘要 翻譯：公司治理
在繼續研究公司治理、公司績效與公司經濟增長之間的關係之前，最好有一個框架來理解公司治理對公司行為和經濟績效的影響。當前關於公司治理的爭論有一個問題，即對公司的性質和目的存在著各種不同的觀點，這些觀點往往是相互矛盾的。這些辯論包括積極的問題，這些問題的基本關切是機構的實際工作和規範性問題，這些問題涉及公司的核心宗旨。因此，要使它有意義，重要的是如果使用各種分析背景和其他方法來獲得有用的見解。除此之外，這個框架被以不同的方式使用，它的邊界在一個非常大的範圍內變化。在有關公司治理對公司績效影響的經濟學爭論中，通常採用兩種不同的公司模型，即股東模型和利益相關者模型。股東模式是公司治理中最狹窄的一種形式，它為股東定義了高級管理層、董事會和其他管理者的角色。
而另一種模型，即Stakeholder模型，是一種更廣義的公司治理概念，它是用來獲取關於公司內部各利益相關者的信息，包括公司外部和內部的利益相關者。 (Denis et al.， 2003)在目前的情景中，我們發現利益相關者方法被用來強調各個利益相關者為提高公司的長期績效所做出的貢獻，同時也為所有利益相關者帶來了最大的價值。除此之外，它還被用於識別商業道德和各種利益相關者之間的關係，以確保公司的長期成功。所以可以說，這兩種模式之間的差異存在一個重點問題，這並不像最初看起來那麼明顯。關於治理改革的辯論也反映出各利益相關者之間缺乏討論。這進而導致了對問題的完全不同的解決方案。
論文 摘要 翻譯：公司治理
Before moving on with the study of the relationship between corporate governance, performance of firm, and economic growth of firm, it is better to have a framework through which the effect of the corporate governance on firm behaviour and economic performance can be understood. The current debate on corporate governance has one issue that is there are various different, which are often conflicting, views on the nature and purpose of the firm.These debates include positive issues, the basic concern of which is the actual working of the institutions and the normative issues, which are concerned with the core purpose of the firm. So, to make it meaningful, it is important if various analytical backgrounds and other approaches should be employed to gain useful insights. Besides these, this framework is used in different ways and the boundaries of it vary in a very wider scale.In the economical debate which is concerned with the effect of corporate governance on the performance of firm, typically 2 different models of the corporation are employed, which are the shareholder model and the stakeholder model. Shareholder model is the narrowest form of corporate governance in which it defines the roles of senior management, board of directors and other managers for the shareholders.
However, the other model i.e. Stakeholder model is wider sense of corporate governance and it is used for the information regarding the various stakeholders such as external and internal stakeholders inside the corporations. (Denis et al., 2003)In the current scenario, it is found that the stakeholder approach is used to emphasize the contributions made by various stakeholders to improve the long term performance of the company and also to maximize value to all the stakeholders. Besides these it is also used in recognizing business ethics and relationships amongst various stakeholders so as to ensure the long term success of the company. So it can be said that there lies a question of emphasis for the difference between the 2 models, which is not as stark as it first appeared to be. The debate on the governance reform also reflects the lack of discussion amongst various stakeholders. This in turn leads to entirely different solutions to the problem.