外部激励约束机制对企业代理成本的影响

Influence of External Incentive and Restraint Mechanisms on Enterprise Agent Costs

在所有权和经营权相分离的组织中,如何降低代理成本是企业面临的现实课题。文章从资本市场、人才市场等角度提出了降低代理成本的外部激励约束机制,并且指出在当前我国的市场机制不完善的条件下,企业的激励约束机制还必须主要求助于内部激励约束机制。

It is a practical problem to reduce the agency costs to enterprises where the ownership and operating rights are separated. This article proposes some ways to reduce agency, costs from the capital market, the human resources market, and points out domestic enterprises must depend on the internal incentive and restraint mechanisms to resolve present agency costs under the imperfect market.