美日经营者激励约束机制比较研究

A Comparative Analysis on Managerial Incentive Mechanism Between USA and Japan

以美国和日本为代表的两种公司治理模式在经营者激励约束机制方面既存在明显的不同之处,如激励约束主体不同、激励约束机制发挥作用的侧重点不同、激励约束方式不同,又存在许多相通之处,如激励和约束主体既有动力、又有能力,经营者的选择都经历了充分的内部竞争或市场竞争,信息传导机制通畅,经营者有充分经营自主权和稳定的预期,经营者的选任权限于企业系统内部等,这种不同而又相通的特性,对完善我国国有企业经营者激励约束机制具有诸多启示。

Despite those obvious differences between the US and Japanese corporate governance models in managerial incentive mechanism, there exist many commonalities, like capable and active governance subject, competitive managerial appointment and removal, good information communication and stable expectation. They have many implications to the establishment of China - specific managerial incentive mechanism.