Optimal Corporate Bankruptcy System Design: From the Perspective of the Contingent Governance

  • Sheng Ma
  • Jinjun Gong
Conference paper
Part of the Lecture Notes in Electrical Engineering book series (LNEE, volume 241)


Taking the traditional theory of corporate governance as a logical starting point, this paper builds and interprets the theoretical models of the corporate contingent governance, on the basis of the results of some scholars’ researches on the corporate contingent governance theories. Then under this theoretical framework, the optimal bankruptcy system under the conditions of the perfect market economy and the sub-optimal bankruptcy system under the conditions of imperfect market economy are conceptualized, built and designed.


Corporate governance The contingent governance Corporate bankruptcy system Design 


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Copyright information

© Springer-Verlag Berlin Heidelberg 2014

Authors and Affiliations

  1. 1.School of Economy and ManagementChengdu UniversityChengduPeople’s Republic of China

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