The Incentive And Restrictive Mechanism's Research Of Professional Managers

The manager of the West's revolution to achieve the owners control the content and the change in control, but also promoted the formation of the managerial career, forming a modern enterprise system, enterprise system and the evolution of the West course confirmed the introduction of professional managers and its relationship with business owners cooperation for the establishment of modern enterprise system and the importance of. However, due to my lack of effective internal governance mechanisms and incentives manager; the system of external defect makes the market difficult to play an effective role in the binding; the lack of credit system and legal system also makes professional managers and business-to-business moral hazard and adverse selection spread of behavior. Thus, China's introduction of professional managers and business owners with the mode and means of cooperation is bound to differ from Western countries. To this end, this article discusses the impact of professional managers and business owners of the factors and reasons for cooperation, and based on these factors, a professional manager incentive and restraint mechanisms to improve the professional managers and non-pay incentive and restraint mechanisms. This study sought to achieve the following purpose:to reveal the impact of professional managers incentive and restrictive mechanism of the key factors, to analyze the influencing factors; research on the reputation of professional managers of the incentive and restrictive mechanism.In order to create an effective incentive and restraint mechanisms that is suitable for a reality of our professional managers, based on the game theory, information economics, contract economics, new institutional economics and real option theory, this paper explained the concept of professional managers and its character and quality requirements in organizations, markets and society's role, analyzed of the development and its problems of professional managers in China, investigated instability and causes of the Principal-agent relationship between business owner and professional manager, designed the mechanism model of a stable and cooperative relations between the two sides, discussed function of the establishment of professional manager's reputation incentive mechanism and established a an incentive mechanism model of reputation. Based on the above conclusion, the paper Put forward to the countermeasure to improve the incentive and restraint mechanisms of professional managers and establish a scientific, standardized and rational system of economic incentives, improve the a incentive system of spirit and the institution of constraint system...