企业财权的安排是否合理、有效,关系企业治理的成败、决策效率与持续发展。本文探讨了相关的企业治理理论,在此基础上揭示了企业财权配置的特征,指出股东是企业财权的主导,各利益相关者是在股东的主导下参与企业财权分配,并提出了股东主导下的企业财权配置。 Whether the arrangement of corporate financial rights is reasonable and effective is related to the success or failure of corporate governance, the efficiency of decision-making and the sustainable development. This paper explores the relevant theory of corporate governance, and reveals the characteristics of corporate financial rights allocation. It points out that shareholder is the dominant factor of corporate finance. All stakeholders participate in corporate financial allocation under the guidance of shareholders and put forward shareholder-led Corporate property rights allocation.