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The Problem Of Client-agent And Supervision Mechanism

Posted on:2005-09-29Degree:MasterType:Thesis
Country:ChinaCandidate:G A LiuFull Text:PDF
GTID:2156360125956653Subject:Industrial economy
Abstract/Summary:PDF Full Text Request
When separate from power of management in ownership of enterprises, trust the problem of agency to appear. Because of the information asymmetry, the client and agent all proceed from one's own interests, utilize one's own information advantage, the behavior of opportunism. In trusting the analysis of the problem of agency, in order to prevent the opportunism behaviors of the client and agent, the mutual supervision is very important, supervise and include the mutual supervision of client and agent, include the external law and administrative supervision too. Agency by agreement signing of contract is it is it prevents of both sides opportunism agent increase of cost that behavior cause to consider wanting too.In the course of our country's SOE reform, it is very important too to solve the problem of agency of commission of the state-owned enterprise. It separates government function from enterprise management to be to establish state-owned enterprise really economic clients and agents of subject, reduce the administration and interfere the influence managed to enterprises. With the deepening of the SOE reform, demand to set up the perfect supervision mechanism of state-owned enterprise, together with incentive mechanism, play an important role in enterprise's management and administration.This text the bilateral opportunism behavior on the question of agency by agreement has been analyses mainly, during the process of it is discussed that the agency by agreement signs contracting, propose setting up the perfect importance to solve and entrust problem of agency of supervision mechanism. Meanwhile, carried on the discussion to the problem of agency of commission of the state-owned enterprise of our country.
Keywords/Search Tags:problem of agency, SOE, supervision
PDF Full Text Request
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