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| 摘要: |
| 本文通过一个简单的模型论证了企业内部隐性治理机制对经营者约束和控制的作用机理.在企业显性治理机制不完善的情况下,内部隐性控制机制可有效地预防经营者的道德风险,确保经营者的决策与股东利益的一致.本文运用模型所给出的分析方法和结论对现实中存在的有关企业治理的一些常见的现象提供了某种解释. |
| 关键词: 隐性控制机制 显性治理机制 监控 |
| DOI： |
| 分类号:F276.6 |
| 基金项目: |
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| Model analysis of implicit control mechanism inside a firm |
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CAI Ji-fu
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| Abstract: |
| This paper studies the implicit control mechanism inside a firm. The results of model analysis show that when the firms have very weak explicit governance mechanisms, the implicit control mechanism inside a firm may prevent the managerial moral hazard fairly well, and ensure managerial decisions aligned with the interest of shareholders. At last, using these results, we offer an explanation for some firm governance in reality. |
| Key words: implicit control mechanism explicit governance mechanism worker incentive |
