Research on the Role of Media Supervision in Corporate Governance

Abstract

Corporate governance is a hot research topic in recent years, the outbreak of Enron scandal has caused scholars to pay attention to the role of media supervision in corporate governance. This paper summarizes the views of scholars and affirmed the positive role of media supervision on Corporate Governance. Constructing the relationship model between media supervision and corporate governance to illustrate the role of media in corporate governance, and analyzes the path of media supervision to corporate governance and its influencing factors. Through the study, the author got the conclusion that the media supervision has a positive effect on corporate governance. Compared with western countries, because our manager market is not mature enough， some state-owned enterprises lack of effective supervision and punishment mechanism for the management, and the development of media industry is not mature enough, leading to the media supervision can't play the function of corporate governance. Therefore, the role of media supervision on corporate governance needs more attention from scholars, business operators and administrative agencies, so as to strengthen the effectiveness of corporate governance of media supervision.