Stakeholder Governance and Social Responsibility of Banking Industry
研究了银行公司治理的特殊性，指出债务约束和产品市场约束难以监督银行履行社会责任，提出引入利益相关者治理机制，并通过委托代理框架模拟验证。
Resting with the distinctiveness of bank corporate governance,neither debt constraint nor product market discipline could function as external governance mechanisms to supervise that whether or not a bank fulfill its social responsibility.Therefore,stakeholder governance should be introduced to effective superintending on banks' commitment on social responsibility,which is proved by a simulation under the principle-agency framework.Commercial banks in mainland China should reform the present shareholder unilateral governance mechanism,optimize the structure and function of the board of director as well as build a dialogue mechanism to enhance the level of stakeholder involvement to put forward stakeholder governance and social responsibility implementation progressively.