Study On Entrepreneurs Incentives Mechanism

The modern enterprise theory has been developed rapidly in recent ten or twenty years. And it has been a focus and a significant frontier of economics. The incentive mechanism of entrepreneurs has close relationship with the enterprise theory. The relationship of the entrepreneurs' incentive mechanism and the efficiency is the core of the state-owned enterprise reformation.The main content of research lie in the following: 1 .Based on the comment on the old definition of the enterprise, we redefinite the entrepreneurs At the same time, we explain the importance of motivating entrepreneurs.2. Expound the hypothesis of the entrepreneurs' incentive theory and induce the hypothesis.3. We analyze the relationship of the enterprise owners and entrepreneurs and the connotation and the extension of the agency costs and profits, and explain the effect of the agency costs and profits on the efficiency of the principal-agent relationship.4. Study on the incentive and monitoring mechanism with the principal-agent theory. Analyze the effect of the entrepreneurs' marginal productivity, leisure preference and the difficulty to monitor entrepreneurs on the agency costs.5. Given the entrepreneurs different preference, we analyze the effect of the material incentives and the spiritual incentives.6. Study on the purpose, the principle and the means of the entrepreneurs' incentives and what we must pay attention to.