关系性合约、企业产权与产权交易

Relational Contract, Property Rights of Firm and Transaction of Property Rights

企业是一系列合约的联结,但是与市场上通行的合约不同,构成企业的合约是一种关系性合约。企业产权不同于一般的财产权,它是中心签约人拥有剩余控制权和剩余索取权。企业产权的特殊性使得企业产权交易与资产交易具有本质的区别。

The firm is the link of a series of cont racts But differing from the common contracts in the market, the contract in t h e firm is the relational one The property rights of firm have the different me a ning with the ordinary property ownerships, which are the residue rights of cont rol and claim to residue, and belong to the center contractor Due to this part icular feature, the transaction of the property rights of firm is different from the transaction of firms asset