不同企业治理结构下的交易成本分析

Transaction Costs Analysis under the Firm Governance Structure

本文通过解析不同类型企业治理结构的交易成本,指出治理结构变革的交易成本与论理结构中正式契约的作用呈负相关关系,探讨了最优治理结构的决定问题。并且阐明,家族企业治理模式与现代公众公司治理模式均属自发有序形成的适应性制度安排,均有其存在的经济合理性,无须人为地强制变迁。

By analyzing the transaction costs of different firm governance structure, the author probes into the problem of decision on best governance structure in this article. And the author holds that the governance models of family firms and public corporates are adaptable institution arrangement through spontaneous order. Their presences have economic rationality without being transited forcibly.