Studies On The Incentive Mechanism Of Hi-Tech Enterprise By Principal-Agency Theory

With the rapid development of economic society, Hi-tech enterprise is more and more important in our life. Some new questions, however, occur in the course of the development, such as little motivation of creation, transferring frequently of knowledge employee and so on. And the original reason of these questions is that the incentive mechanism is not perfect. In this thesis, principal-agency theory is described firstly, and on this basis, author wants to found an effective incentive mechanism and in order to prefer an suggestion for Hi-tech enterprise to encourage their knowledge employee from a new aspect.The thesis totally is divided into 6 sections. Partâ… introduces the backgroud , purpose and structure of the paper; Partâ…¡discusses the principal-agency theory thoroughly, including the theory's origin and development. Author points out some drawbacks of the theory when summarizes the outcomes of the seniors and uses the principal-agency theory into Hi-tech enterprise; Partâ…¢describes the definitions of Hi-tech enterprise and knowledge employee precisely. Moreover author pays more attention to the problems in the incentive mechanism of Hi-tech enterprise nowadays and points out that knowledge employee is the people who grasp the special technology in Hi-tech enterprise; Partâ…£is to solve the problems. Author proposes some new and effective measures aiming at the problems of partâ…¢. Stock option is a very important long incentive method, author analysizes stock option's advantages and disadvantages using SWOT; Partâ…¤is an example ;And partâ…¥is the last chapter, it makes a conclusion and points out the flaws of this thesis.The methods of research in the thesis include comparison analysis,...