Research On The Human Capital's Special Property Of Professional Manager And It's Compensation Mechanism

Accompanied by the development of joint-stock companies, the modern enterprise's management rights inevitably transferred from the owners to the professional managers who hand management skills. This separation of ownership and management rights made the commission-agency to become the most basic property rights model, the professional manager is what the commission-agency was becoming to some extent. But because of uncertainties, asymmetric information, moral hazard and supervision costs and other factors, the principal shareholder is often difficult to master accurately and really professional manager's work effort. Thus in the condition of information asymmetries and scarce human capital elements of professional managers, full understanding its effects faction in enterprise rent, the general principle that proprietary Human Capital is the main negotiating power base of managers'shares, and the inter-influence between its characteristics and reward distribution, are theoretically and practically significant for reasonable design of reward mechanism, for the realization of effective invigoration and restriction to the professional managers, for the resolution to the problem of client and agent and even for the advancement of the emprises'ability of general competition.In view of this, this article attempts to research remuneration distribution efficiency in information asymmetric conditions from the perspective of their own human capital characteristics and design reward incentive mechanism to improve its efficiency and labor resource allocation efficiency. According to this line of...