保险公司性质的契约经济学分析

Analysis of the Nature of Insurance Companies from Contractual Economics

新制度经济学的一个主要流派契约经济学,把企业看作是一系列契约的结合,签约方通过契约结合来规定资源使用从而取代市场的交易。本文尝试用契约经济学的分析框架研究保险公司的企业性质,并且发现:股权资本、债务资本以及人力资本在保险组织准租的创造中发挥着不同的重要作用。在此基础上,论文给出了保险公司特殊的企业契约性质在公司治理上的启示。

As one of the mainstreams of New Institutional Economics, contractual economics suppose firm as nexus of contracts. The players use contracts as a way to regulate resource use, then take the place of market. The paper tries to analyze the nature of the insurance firm under contractual economics and find out that capital, debt and human resource play different important roles in the creation of economic rent insurance organizations. Based on the study, the paper concludes the inspirations of the corporate governance through the special nature of contracts of insurance companies.