西方公司理论的变迁

The Changes of the Western Corporation Theory

古典、新古典经济学家对公司所有权与经营权分离带来的委托代理问题、公司治理问题、激励问题等作了初步研究 ,奠定了现代公司理论的基础 ;制度经济学家对股份公司所有权与经营权分离问题作了深入、系统分析 ,其结论直到今天仍是最具影响力的观点之一 ;2 0世纪 70年代以来 ,由于信息理论、合同理论、激励理论、委托代理理论等的突破及其研究方法引入公司理论中 。

The classical and neoclassical economists have made a tentative study on the issues of the principle-agent, corporate governance and incentive. All these studies have laid a foundation for the modern corporation theory. The institutional economists analyzed the separation of the ownership and operation and management rights of stock company comprehensively and deeply, which has become one of the most important theoretical viewpoints till today. Thanks to the development of information theory, contract theory, incentive theory and principle-agent theory, the western corporation theory has made revolutionary changes since 1970s.