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企业的风险承担水平的高低能够反映企业对投资项目的投资决策。通过对国内外文献的回顾,本文从董事会特征和股权结构两个层面对公司治理机制和企业投资决策中的风险承担的关系进行了简单的梳理。其中,董事会特征中又细分独立董事所占比例和董事长和总经理两职合一两方面;股权结构中又细分股权集中股、股权制衡、股权性质、管理层持股比例四方面。
The level of risk-bearing enterprises can reflect the business investment decisions on investment projects. Through reviewing the literature both at home and abroad, this paper simply sorts out the relationship between the corporate governance mechanism and the risk commitment in corporate investment decision-making from the two aspects of board characteristics and ownership structure. Among them, the characteristics of the board of directors are further divided into the proportion of independent directors and the board of directors and general manager of one or two aspects; shareholding structure is divided into concentrated shares, equity checks and balances, the nature of ownership, the proportion of management shares four aspects.