1 1 2 6 7 8 9 10 10 22 39 49 58 65 69 72 72 72 73 77 94 105 106 108 111 10 113
116 116 121 125 129 134 140
(1) (2) (3) WTO 2005 10 27 2006 1 1 (1) (2) (3) 2006 1992 COSO Internal Control-Integrated Framework2002 SOX COSO 2004 ERM Enterprise Risk Management Integrated Framework SOX i
COSO ERM 2008 2009 7 1 community ii
2010 iii
1992 COSO Internal Control-Integrated Framework2002 SOX COSO 2004 ERM Enterprise Risk Management Integrated Framework ERM (1) (2) (3) (4) ERM (1) (2) (3) (4) (5)(6) (7) (8) COSO ERM 2008 2009 7 1 WTO (1) (2) (3) 1 1 2006 15 1
(1) (2) (3) WTO 2 WTO 3 4 (1) (2) (3) (4) (5) (6) 5 (1) (2) (3)(4) (5) WTO 2 WTO 2000 23 WTO 2001 220 3 WTO 2001 227 4 2006 98-108 5 2006 16 2
6 7 2009 6,277 6,842 9.18 1,946 1,882 4,759 75.82 50 556 4,849 77.25 1,197 19.07 2009 2006 2,495 2,724 39.75 8 2009 3 26 6 2004 7 2009 8 3
2468 7411 2 9 10 10 9 2009 27 10 奶 2009 1 17 18 4
11 80 12 74 66 63 13 (1) (2) (3) 14 96 70 15 1,159 Qiu Liping 48% 11 2008 137 12 2000 2000 83 13 2002 14 2008 131-132 15 China Daily 2009 12 10 5
16 2005 10 27 18 2006 2008 28 (1) (2) (3) 16 2004 182-184 6
(1) (2) (3) (4) (5) (6) 17 50 10 11 19 20 27 28 37 38 43 44 47 48 50 18 27 (1) (2) (3) (4) (5) (6) 25 17 2006 98-108 7
28 37 38 43 47 (44 ) 2009 7 1 12 2008 25 19 8
85 1990 11 3 1991 1 1 8865 (1) (2) (3) (4) 9
1 2 1 1993 12 29 2005 2006 1 1 219 15 16 17 20 21 37 57 99 125 147 153 2 1998 12 29 2005 2006 1 1 240 3 3 4 3 1985 1 21 1999 2000 7 1 52 161 10
2004 2 1 2 2003 2 4 [2003]143 11
2000 30000 40000 3000 30000 40000 200 30000 500 15000 3000 30000 1000 30000 800 15000 300-2000 3000-30000 4000-40000 600-3000 3000-30000 4000-40000 100-200 3000-30000 100-500 1000-15000 500-3000 3000-30000 400-1000 3000-30000 400-800 3000-15000 300 3000 4000 600 3000 4000 100 3000 100 1000 500 3000 400 3000 400 3000 2 18 2 1 300 12
1 3 2 2 7 3 3 3 2 3 2 1 1 29 SAS29 2 2 100 3 5000 100 4 5000 50 13
4 2 4 1 2 3 4 5 5 14
5 1 2 3 15
4 5 5 (1) (2) (3) (4) (5) 16
5 1992 COSO 6 7 IT IT IT 17
IT IT IT IT IT IT IT IT IT IT IT 8 incentive and constraint mechanism 1 2 18
(1) (2) (1) (2) 4 (1) (2) (3) 9 1996 1996-12 9 1997-5 1999-10 19
2001-1 2001-6 货 币 资 2002-4 2002-6 2002-9 2002-9 2002-12 2003-10 2003-12 2004-12 2005-2 2006-1 2006-1 2006-6 2006-6 2006-9 2007-7 2007 2008-5 20
10 39 2 2 2 21
1 2 3 11 22
1 / / / / 3 13 份 5 19 1 3 3 1 2 业 份 23
3 3 1 24
2 2 1 3 2 2 1 3 12 25
1 2 26
13 1 2 3 1 2 3 4 5 6 27
(1) (2) (3) 3 5 (4) (5) 14 28
1 2 3 1 2 3 4 5 29
15 10 30
(1) (2) (3) (4) (5) 31
16 1 2 3 4 5 4 1 2 3 4 1 32
2 1 3 4 5 1 2 3 4 5 33
1 3 2 (2) (3) 20 60 17 34
35
18 36
2008 9 9 3 4 1 16 2 3 37
4 19 (1) 38
M A 20 39
3 3 21 40
22 23 41
22 1 2 3 IT 4 5 6 42
43
23 1 2 3 4 5 6 2008 44
24 1 45
2 3 25 46
26 2 47
100 27 48
(1) (2) (1) (2) (3) (4) 28 29 49
1 5 1 1 (1) 1 (2) (3) 50
30 (1) (2) (3) (1) (2) (3) 51
31 (1) 1 1 12 31 1 (2) (3) 52
32 2 (1) (2) (1) (2) 53
33 54
34 5 35 55
3 2 2 36 56
37 4 SARS 57
38 58
39 2 59
40 2 60
41 IT IT (1) (2) (3) 61
(4) (5) 42 (1) (2) (3) (4) 62
4 (1) (2) (3) (4) (5) (6) 43 63
64
44 65
45 66
46 67
(1) (2) (3) (1) (2) (3) (4) (5) 68
(6) (7) 47 48 69
49 20 50 2009 7 1 2008 5 22 2009 7 1 2010 1 1 70
71
11 11 (1) (2)(3)(4) (5) (1) (2) (3) (4) (5) 2005 10 27 2006 1 1 72
18 45 52 68 71 109 118 (1) 37 99 11 (2) 37 99 (3) 38 1 73
38 1 100 43 104 (4) (1) (2) (3) 37 99 1 40 101 90 10 41 102 74
19 100 297 1 43 44 104 (1) 19 2006 91-92 75
309 (2) (3) 106 1 31 30 (1) (2) (3) 20 152 (1) 150 20 2006 88-89 76
180 151 (2) 30 (3) 152 150 151 153 (1) 45 77
51 109 21 (1)(2)(3) 1996 44.7 1999 53.9 22 23 21 2003 182-184 22 2002 83 23 2004 177 179 78
(2) 45 13 109 19 47 79
(3) 38 148 148 149 150 148 149 (1) (2) (3) (4) (5) (6) (7) (8) 150 1992 80
2005 6 536 1,066 497 98 32 110 19 7 44 198 86 24 51 25 106 1 (4) 1999 24 http://www.iolaw.org.cn/shownews.asp?id=13299 25 2004 178 2006 117 81
2002 49 2001 16 49 50 2001 8 21 1 2 5 82
5 (1) (2) 26 100 78 33 24 (1) (2) 26 2006 150 83
(3) 37 1 19 37 27 28 29 27 2009 11 23 28 2009 12 26 2008 MBO 3 2009 12 26 29 2006 154 84
2001 2003 65 30 31 2009 10 20 12 12 28 32 33 a) 54 119 30 2005 25 N0.498 72 31 2005 143 32 2009 10 21 33 2006 158 85
b) c) 52 54 SOX 34 35 34 2006 164 35 86
(5) 2009 10 13 2009 11 87
2001 8 21 10 10 14 Yermack,1996 Anderson et al.(2000) Coles et al.(2005) Bathala and Rao(1995) Lehn et al.(2004) Hermalin and Weisbach(1988) 36 36 2009 10 12 1874 17-18 2009 5 18 250 2009 5 28 2009 5 26 2009 5 27 88
(1) (2) (3) (4) (5) 15 16 20 22 22 (6) 13 41 110 (7) 2006 1 2009 7 1 89
37 38 2009 (1) (2) 37 2009 6 38 2006 90
91
92
93
52 53 54 55 56 57 118 119 120 (38.5 ) 17.9 3.8 35.1 25.7 19.3 13.8 39 (1)(2) (3) (4)(5) (1) 40 41 42 43 39 2004 180-181 40 1985 1 41 ( 2000 174-176 ) 42 94
44 45 46 47 () 48 2003 27 43 = 2003 329 44 2003 268 45 = 2003 329 46 = 2003 329 47 2005 25 N0.498 73 48 111 114 172 12 16 20 12 16 20 10 76 78 1 1999 317-342 2 2003 95
49 50 51 52 53 54 55 56 49 2003 262 50 2003 27 51 2003 329 52 2003 268 53 2003 329 54 2003 329 55 2005 3 25 No.498 73 56 ( 111 1 ) ( 114 4 ) 172 96
57 38.5 17.9 3.8 1 35.1 25.7 19.3 13.8 58 4.6 35.1 25.7 19.3 13.8 2004 181 份 份 1998 2 139 12 16 20 12 16 ( ) 20 10 76 78 (1) 1999 317-342 (2) 2003 57 2003 262 58 2004 180-181 97
59 60 61 62 CSR CSR CSR 63 59 1994 8-15 125 60 (2000 ) ( 1994 8-15 ) 61 1994 8-15 128 62 48 22 1999 418 63 2006 201-202 98
(2) 3 52 1 52 2 52 52 52 53 118 1 118 118 3 99
118 3 118 53 118 (3) 54 119 152 55 57 (4) 56 100
57 6 1 120 (5) 64 2001 圳 1000 400 200 2001 34 76 52 94 100 65 1999 2002 220 1993 1998 6 192 64 2006 184-185 65 2002 12 101
92 104 270 14 9 66 (1) (2) (3) (4) (5) (6) 169 30.78 18.93 11.83 38.46 2002 209 210 38.46 (6) 66 2006 186 188 102
(1) 67 68 (2) 69 70 (1) 71 72 (1) a b 67 2003 27 68 2003 329 69 2003 268 70 2003 329 71 2003 329 72 2006 190 103
c 54 (2) 147 52,118 a 1 b 56 1 1 73 (1) (2) 73 104
(3) 2007 26.7 20.8 21.2 74 217 50 1 50 2 (1) (2) (3) (4) (5) (6) (7) (8) 50 3 114 74 2008 7 21 105
(1) (2) (3) (4) (5) (1) (5) (1) 147 1 (1) (2) (3) (4) (5) 147 2 147 3 15 (2) 106
(3) 149 149 (4) 148 216 163 271 385 386 382 383 2001 5000 75 107
5000 1 (5) 151 ) 151 18 10 25 2008 7 2009 7 1 (1) (2) (3) (4) (5) 108
11 12 2008 25 19 85 1990 11 3 1991 1 1 8865 2009 156.7 109
2005 18 2009 5 20 75 2009 8 51.6 19 76 75 2009 11 10 76 2009 8 5 110
4 2 77 (1) (2) (3) (1) (2) (3) (4) (5) (6) (7) ( ) 77 2005 25 N0.498 72,73 111
78 79 (1) 124 (2) (3) (4) 78 2005 149 79 2003 262 112
80 2001 10 18 81 80 2003 273 81 1997 113
60 20 30 Virginia A. Hulme 82 Hulme Hulme 38 43 82 Virginia A. Hulme, Short Staffed, The China Business Review, March-April 2006, p21 114
83 84 85 86 87 83 C-SOX Vol.36,No.12 2007 1629 84 ( 1994.8. -15 ) 85 community 1999 466 86 2004 343 87 2003 421 115
1956 32 170 50 6 500 2005 8 500 2007 2006 100 2006 6 15 1 2007 100.16 15 2008 2008 9 2008 12 24 2009 02 12 3 116
5 5 3 2008 3 2008 8 1 17 117
2007 4 FDA 2007 2007 118
2008 3 6 2008 8 2 2 9 8 100 1,100 66% 119
120
( ) 蔲 ( 蔲 ) 2008 5 16 1993 ( ) 份 (MELAURELS(HK) COMPANY LIMITED)( ) 50% 50% 1994 蔲 2002 蔲 蔲 2007 4 蔲 蔲 3,633 353 ( ) 503 蔲 蔲 150 蔲 蔲 150 121
蔲 2 5 5 5 蔲 蔲 蔲 2 1 3 13 蔲 2 1 蔲 蔲 3 蔲 蔲 122
蔲 蔲 蔲 蔲 蔲 蔲 2002 蔲 蔲 123
蔲 3 1 1 蔲 124
份 2001 2003 2004 12 5.54 2006 3 21 4 SGX 3 4 2 33.5 份 5.54 2005 3 PWC 1 2003 4 PWC 125
126
1 1 1 2002 127
3 128
7 3 4 2005 3 8 4,000 2006 8 3 2006 7 27 2006 7 30 3 2007 7 31 148 1 150 129
3 a b c 130
3 148 1 149 113 2 150 131
149 150 132
7 3 2 3 2 3 1 133
1987 1988 份 1996 4 1986 1996 46 37 1996 41 20.7% 100 1998 5.02 1997 0.4649-2.5438-1148.46% 1999 9.57 4.8435 2000 8-6.8856 2000 3 21.3 2001 9 2002 11 2005 12 2000 12 31 2003 7 18 份 5 134
2 a b 14.62% 2 1997 1,000 1998 135
1996 40 OJT 4 68.9% 9 12 2.7 1997 70.4 1998 33.5 1999 134.18% 6 1997 136
50 1992 680 40 1998 5 1.26 2.7 137
1996 40 14,390 1998 1998 1998 138
139
2009 10 13 1 2 3 4 (1) (2) (3) (4) 5 6 7 8 140
9 1 10 (1) (2) (3) (4) 10 (5) 55 (6) (7) (8) 11 12 (1) (2) (3) (4) (5) (6) (7) (8) 13 (1) (2) 141
(3) (4) 14 15 16 17 18 19 20 21 22 (1) (2) (3) (4) (5) (6) (7) 23 142
24 25 143