The Internal Governance Of The Government Investment Projects Based On The Mode Of A Market Agent System Research

Agent construction is one emerging project management pattern which has appeared the recent years. It is suitable in the non-operative projects invested by government. Studying and anglicizing this new project management pattern earnestly and applying it scientifically have the important meaning to promote our country's reforming on construction project management system. But at present in our country, implementing agent construction in the government investment project is still in the stage of exploration and perfecting. From the project governance, this paper studies internal governance of projects invested by government in market agent construction system, basing on corporation governance theory, principal-agent theory, stakeholder theory and information asymmetrical theory and using principal-agent model under the asymmetrical information and gambling model between the government consigner and the agent enterprise.The main research results of this paper are summarized as follows:(1) Analysises the stakeholders and departs them above the internal governance of projects invested by government under market agent construction system, and afterward, analysises and limits the first stakeholders' responsibilities and rights and benefits.(2) Establishes principal-agent model under the asymmetrical information to let the government consigner know how to do in the asymmetrical information, then drives the agent enterprise's choice best to the government consigner. Afterward, analysises the situations separately about information asymmetrical between the government consigner and the agent enterprise, as well as the situations about information asymmetrical above the agent enterprise, the contractors and oversees under market agent construction system. Then it has provdied feasible ways for governance. (3) Established internal governance structure of projects invested by government in market agent construction system. This internal governance structure has provided the internal governance an organizational structure which keeps the benefit in balance. Various benefits have formed contract mechanism about principal-agent relates under governance structure. Then it has designed three effective mechanisms for internal governance of projects invested by government in market agent construction system, namely decision-making power assignment mechanism, incentive mechanism and supervising mechanism. Through these mechanism's effective operation, may solve the problems effectively which is in internal governance of project.