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Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE's Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The problem of corporation financing is not only a corporation financing when it is short of funds, and corporation financing pattern is not only indicating from which channel (bank or securities business) and how (stock or bond) a corporation gains the funds of producing and development, but also indicating the economic relations of stockholder, creditor, manager and employee, the relations are related to different patterns and effects of corporation governance. So the corporation-financing pattern is indeed a corporation governance structure. A lot of studies indicated that effective governance structure is an important pledge of promoting economic efficiency and protecting investors' rights and interests. As a result it is very necessary for these countries, especially China, whose economy are transforming, constituting effective finance system and corporation governance structure through studying the relations of corporation financing and governance structure.