The present mode of innovation for the expenditure of extra budget funds should be the regulation of the allocation function of the government in market economy, and the division of the function of various levels of governments.

Using the data of Hainan companies that were listed on Shenzhen and Shanghai Stock Exchanges before December 31,2004,this paper conducts a theoretical and empirical study about the relationship between corporate governance structure and the capital expenditure decision of corporations.

But due to the serious inner controlling and main shareholder\'s occupy of the fund of listed companies,their capital expenditure is seriously affected.

As one important content of the total budget management,operation expenditure budget has been pursued in railway transport enterprise since 2003, and some effect have been made.