Study On Incentive And Bind Mechanism Of Executive Of Public Ownership Enterprise In China

Public ownership Enterprise is an important part of the economy in China, but the managers as inside man use control power to obtain benefit for themselves, let public property lose because incentive and bind mechanism is not effective. In practice, how to combine incentive and bind mechanism is a difficult problem people care.The paper is composed of five parts: the first part is on the meaning of the research on incentive and bind mechanism of executive in China. Second part is on the history and nature of the public ownership enterprises, and the distinction between Chinese and foreign enterpriser; on content of the incentive and bindmechanism of the public ownership enterprises. In the third part, we design a model in unsymmetrical information and a model of administer risk reward. In the fifth part we analyses several ways like management梑uyout ,annuity, stock and Executive Stock Option etc.