The Manager Motivation Mechanism Theory Of Securities Broker Company

While the securities broker company develops, it is becoming more important that managers are regarded as the function of the manpower capital. But under the situation that the securities broker company ownership separates from control power, managers are regarded as rational people, may make the behavior harmful to interests of shareholder for one's own interests, cause damages to the shareholder of securities broker company, cause company's management state to worsen. This is the question of the manager's agent cost. The fact proves, act for the level of the cost, has already become the decisive factor whether the securities broker company could develop smoothly again at present. So how design a series of effective encouragement agreement, make manager ask for right in surplus correspond to control power, give play to it's innovation, reduce it's agent cost is the key to promoting competitiveness of securities broker company.This text is introduced to the manager's incentive question in the evolution of securities broker companies at first, the achievement of combining some scholars is stated to the present state of development of encouragement. Research of article thinking at first from principal-agent analyses that manager incentive mechanism construction can reduce the agent cost, promote the competitiveness of securities broker companies. And then the current situation of the development to the domestic manager's incentive mechanism of securities broker company is stated. But because of all sorts of bad factors, the domestic manager's incentive mechanism construction of securities broker companies is no optimistic. Such a series of exposed questions of securities trader's managers violation as for instance Southern securities, etc.. So should accelerate the paces of manager's incentive mechanism construction. The author combines relevant theories and some model to explain its origin cause of the lack of incentive. At the same time on basis of drawing lessons from the experience of the developed country, put forward the countermeasure and suggestion that the present domestic securities broker company perfects manager's incentive mechanism construction.