Research On The Moral Hazard Of State-owned Enterprises' Managers

The moral hazard of managers is ubiquitous in the state-owned enterprises of our country. It brings on huge operating risk to the enterprises and results in resource allocation inefficiency, so it must be a problem of management and development of enterprises and our country that we should pay more attention to. However, the moral hazard problem of managers has not been resolved well all through. Presently, our country is in an economic fast development and reform of state-owned enterprises great stratagem adjustment period, it is very important to resolve well the moral hazard of state-owned enterprises'managers to reduce operating risk of state-owned enterprises and improve resource allocation efficiency. This thesis is tried to use the up to date conclusions of moral hazard models of incentive theory within the framework of the Principal-agent theory, then through the analyse to give some advice to alleviate and solve the moral hazard of our state-owned enterprises'managers. Hope to be a little of contribution for improving economic development of our country and enhancing effect on reform of state-owned enterprises.Firstly, the paper introduced the significance and reasons that it comes into being of the moral hazard of managers, as well as the research status at home and abroad. Secondly, the paper presented the incentive theory within the framework of the Principal-agent theory and the basic models and conclusions of moral hazard. Thirdly, the paper studied on the representation of the moral hazard of the state-owned enterprises'managers of our country, furthermore, the paper managed cases to analyze the behavior and harm of the moral hazard of state-owned enterprises'managers and practice of solving moral hazard problems of state-owned enterprises'managers of our country. Finally, used the conclusions of moral hazard models for reference to propose some feasible suggestions for alleviating and resolving the moral hazard problem of managers for the enterprises of our country pertinently, and indicated the problems that need to study ulteriorly.