This paper analyses these questions through the methods of game theory, econometrics and new institutional economics, and discusses the mechanism of the effect of financing structure on corporate governance when the control of the firm is not changed.

• 本文运用博弈论、计量经济学和新制度经济学方法对这些问题进行了分析，从动态角度讨论了在公司控股权不变的前提下，融资结构对公司治理结构的影响机制。