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Effective Incentive and Discipline Mechanisms for Top manage-ment in SOEs
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作者 Fei Zhangfeng(费章凤) 《Journal of Donghua University(English Edition)》 EI CAS 2001年第4期123-127,共5页
Key to energize State-Owned-Enterprises (hereinafter SOEs) is to set up effective incentive and discipline mechanisms. First of all, the paper analyses the problems existing in the current incentive and discipline mec... Key to energize State-Owned-Enterprises (hereinafter SOEs) is to set up effective incentive and discipline mechanisms. First of all, the paper analyses the problems existing in the current incentive and discipline mechanism system in SOEs, including low transparency income and considerable covert income, insider control,corporate governance nominalization and so on; next,the paper explores the causes behind these problems,such as incomplete corporate governance and imperfect market mechanism; finally, the paper proposes a series of solutions from the aspects of incentive mechanism and discipline mechanism. 展开更多
关键词 SOE( state-owed enterprise) incentive discipline principal-agent theory
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