高新技术企业控制权分配:基于合作博弈解释

An Analysis of the Allocation of Control Rights in High-tech Enterprise:A cooperative Game Approach

高新技术企业进入快速成长期,在有风险融资的情况下,创业者面临着控制权与所有权的失控。从控制权具有激励约束功能的角度出发,构造了一个控制权分配的合作博弈模型,通过比较静态分析,讨论了高新技术企业控制权分配的影响因素,并就相关理论问题作了进一步回答。

With the rapid development of high-tech enterprise, venture entrepreneurs are under the pressure to deal with the out-of-control in control fights and ownership. From the perspective of incentive- restriction function, the paper developed a cooperative game model of the allocation of control rights, and analyzed the reasons influencing the allocation of control rights under comparative static analysis. Furthermore, the paper answered some theoretical issues.