摘要
企业的"异质"管理者基于不同的心理偏差倾向产生的非理性行为会损害企业价值,形成行为成本。行为成本的影响因素包括决策人员特征、管理团队和市场约束三个层面。要抑制行为成本对企业价值的负面影响,就应当从选择适当的决策人员、构建有效的决策程序和组织制衡形式以及培育理性市场环境三个方面着手。
"Heterogeneous" managers make irrational decisions which damage corporate value because of their heterogeneous psychological deviation and thus incurring behavioral costs. The affecting factors of behavioral cost include features of decision makers, management team and market constraints. To effectively control the negative behavioral cost, we should select appropriate decision makers, build up an effective decision making procedure and balance organization form, and develop a rational market environment.
出处
《审计与经济研究》
CSSCI
北大核心
2009年第3期108-112,共5页
Journal of Audit & Economics
基金
南京审计学院科研课题(NSK2007/C10)
关键词
国有企业管理者
心理偏差
行为成本
企业价值最大化
managers of state-owned enterprises
psychological deviation
behavioral costs
value maximization