剩余索取权分配的理论依据比较研究

Research on the theoretical basis comparing of distribution for surplus claim rights

剩余索取权的分配是企业治理结构中一个重要的问题,它关系到企业的治理效率和企业目标的实现。股东至上理论和利益相关者理论对这个问题作出了各自的回答,然而,长期利益共同体理论却以资产专有性为依据,认为核心要素才是剩余索取权的分配主体,同时这个主体既可能是一元的,也可能是多元的,从而建构了一个介于两者之间的理论构想。

The allocation of claims to residue is an important problem in enterprise's governance structure,because it concerns the governance efficiency of enterprises and enterprise's goal.Shareholder primacy theory and stakeholder theory make their own answer to that question.However,the long-term interest community theory holds that the core factors are the main body of allocation,which basis on the exclusive of assets.In addition,the main body maybe unitary,or plural one,thus construct a theory proposition between the shareholder primacy theory and stakeholder theory.