| The research of the firm theory using the power analysis is a new method, different to the traditional methodology; we can investigate the firm from the distribution of the income and the figuration of the resources of the firm more efficiently. We accept that the firm is a kind of organizations pursuing the profits, but it can not produce the products smoothly according to classical economic theory. The people in the firm is the really important as they are the ones who control the manufacturing, so they tend to maximize their incomes by any way. For this reason, the firms can hardly reach the best resource configurations. So, the firms can not produce the best productions using limited resource, neither can we simply compute the maximum outcomes from product functions. Refer to the people's interactions in the firms; we should consider the relationships (power relationships) of different kinds of people in the firm, as they decide the resource configurations and the productions.This dissertation uses mathematical economic models and empirical researches to testify the relationships among the power structures, the efficiency of the firm productions and the distributions of the profits. The results imply that different power structures generate different outputs and profit distributions. The managers and the governors should pay attentions to this special relationship in the firm, and design suitable firm contacts and firm power structures.The first chapter introduces the economic theory of enterprise development and related research literatures: the nature of the new institutional economics of the business research division of Marx's major collaboration theory, transaction costs theory, contract theory, corporate power theory. New institutional economics of the enterprise take full account of the theory of economic men's incomplete rational, and from that point of departure to study the nature of the enterprise. May be those enterprises are formed by a number of contracts a collection of human enterprises to participate in the production, distribution, decision-making are based on the provisions of business contracts, then how to determine the contract? Is the result of the pursuit of efficiency or by the participants through the power of the game determines? If taken into account about the incomplete rational, we believe that the latter is a more realistic assumption. Therefore, we put forward the issue of research in this paper: both managers and the company owners have in the contract to the power of enterprises to participate in the game, and ultimately affect the productivity of enterprises and the distribution of benefits.The second chapter is the perspective of theoretical models to study the distribution of power structures and the efficiency of enterprise under power structure relationships. First, from the bargaining theory, we analyzed the distribution of benefits and the relationship between the power structures, by solving the Nash bargaining equilibrium, and corporate power has been the directly proportion relationship between the distributions of benefits. This shows a certain degree of bargaining power structure determines the bargaining power of parties, and ultimately the outcome of the balance of bargaining power is the ratio of the power of each party. Secondly, the use of recursive economic models to analyze an infinite production activities, through business management and corporate shareholders of the output-to-business distribution of the game, we found that both the enterprise management from the perspective of utility maximization, or shareholders to maximize the effectiveness of enterprise point of view, the resulting ratio can make a balanced distribution of the optimal output of enterprises. Enterprise if we are the actual output and the ratio of output to maximize production efficiency as businesses, then obviously the ratio of these two are inefficient. Can be seen in the actual production does not automatically achieve the optimal allocation of resources and maximize production efficiency; the optimal realization of the efficiency of the power must rely on an appropriate structure to ensure optimal allocation of factors of production. Proved through the second chapter, we find that distribution of income by the impact of power relations, and corporate performance has been the impact of income distribution. In this way, through the distribution of income as a bridge, we have established a power relationship and the relationship between corporate performances. The application of corporate power theory can explain the performance and income distribution better.The third chapter of our research through the collection from 2003 to 2007 listed companies'data in 5 years, the empirical analysis of the relationship is between corporate power and corporate performance and the relationship between income distribution enterprises. In this paper, according to Robbins, Sydney Finkelstein's research will be empowered to carry out a number of business dimensions of decomposition, from which a number of dimensions selected to represent a certain power structure of corporate governance or corporate financial data, through the data on enterprise performance and regression analysis of income distribution. Greater support for the return results to our assumption that the various factors on the power of enterprise performance and enterprise income distribution have resulted in varying degrees, and compare these regression results are basically significant. Regression model, we found that the power factors and business performance and benefits of a positive correlation between the linear, linear and negative correlation with the effect of the relationship between interval. This shows the power of enterprise restructuring, in theory, to determine an optimal structure of corporate authority to ensure that enterprises achieve the optimal production efficiency, as well as a reasonable ratio of the distribution of benefits. |
