“公司里的公司”的组织解读——控股公司、集团公司的治理基础

控股公司、集团公司这类H型组织在市场经济占有较大比例,但目前还很少从理论上探讨其治理基础的文章。本文以委托-代理理论为基础,在构建分析模型的基础上,提出H型企业存在的根源是政府规制、有限责任制度,以及最重要的、有限理性条件下的信息不对称。

H-form structure corporations like holding company and group company are familiar in market, but few articles research their governance basis. Based on Alehian. A and Demsrtz. H＇s theory, with an analysis model, this article point out the base of H structure corporation stand on government governance, limited responsibility, and, above all, information asymmetry with bounded rationality.