“股转债”对上市公司治理结构的影响

当前，我国上市公司的资本结构和股权结构存在很多问题，公司治理效率低下．因此，完善公司治理，就必须优化股权结构．公司治理受很多因素影响，股权结构是其中最重要的因素．优化股权结构。就必须减持国有股，通过分析“股转债”这种新的减持方案，来探讨对上市公司治理结构的影响。

Influences of Transferring - stocks - to - bonds on the Administrative Structure of the Companies

At present, there are many questions, resulting from the deficiencies of capital structure and stock-right structure of those companies that have entered the market. The efficiency of company administration is very low, therefore, in order to perfect the company management, the stock-right structure must be optimized. The company administration is restricted by many factors, among which the stock-right structure is the viral element. In order to optimize the stock-right structure, the state-owned stock must be reduced. Through analyzing the new scheme known as transferring- stocks -to- bonds, the influences, produced by the new scheme, of the governance of market companies are carefully studied.