产权作为一切经济制度的基石,对企业的经济行为起约束作用,财务治理作为一项经济管理活动必然受到产权制度的制约。中小企业在其成立和发展过程中应根据其发展的不同时期和阶段的产权特点来动态地选择合理的财务治理机制,以提高企业财务治理的效率。 As the cornerstone of all economic systems, property rights play a binding role in the economic activities of enterprises. As an economic management activity, financial governance is bound to be restricted by the property rights system. In the process of its establishment and development, SMEs should dynamically select reasonable financial governance mechanisms according to the characteristics of property rights in different periods and phases of their development in order to enhance the efficiency of corporate financial governance.