The Research On Technology Of Principal-Agency And The Mechanism Of The System

State enterprise, the reform of which is the key link of the reform of the entire economic system, is the pillar of our national economy. That the objective of establishment of the system of modern enterprise can be reached or not relate greatly to the success or failure of our socialist marketing economic reform. The essence of the reform of state enterprise lies in establishing a micro-basis of socialist market, forming gradually the main part of interest and marketing competition characterized by self managing, assuming sole responsibility for its profits or losses, self-constraint and self-development, and restriction mechanism aimed at under of the property right of state enterprises, the terrible drain of assets, the governments lack of valid supervision. The principal agency model is established so that trustors (including government) can be understand the work of agents (managers of state enterprise) timely and validly, establish the agent pay system and the selecting system based on achievements, including salary, bonus, right of stocks, supervise strictly the organization and management of state enterprise, as well as protect the interests of trustors (government).Now, most state enterprises are characterized by inflexible managing mechanism, weak capacity of technological innovation, heavy debt and social burdens, difficult problems properly is to how to establish a desirable principal (government)梐gency (managers of enterprises) mechanism so that agents persistently work hard for trustors gain of the greatest benefits.In this article the author gives an analysis and study of the problems appearing in the reformation process of our state enterprises with a systematic point of view and means, designs principal agent models, monitoring models and mechanism, evaluates the management achievements of agents, establishes selecting system agents in order to keep national assets and keep or raise the value.