阻碍资本外流契约对区域经济的影响
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The effect of the contract of preventing capital effusion on regional economy
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    摘要:

    阻碍资本外流契约不仅影响资本优化配置,也削弱代理人在优惠回报契约中的谈判力,从而使区域经济难以实现效用最大化.同时,在存在代理人道德风险的情况下,阻碍资本外流契约所规定的撤资高额违约金会妨碍区域经济总效用最大化的实现.应从制度上消除区域内外资本的等级差别,规定区域融资契约合理的法定有效期,并制定强有力的法律来制止区域融资主体迫使投资者与之签订只体现自己意愿的阻碍资本外流契约.

    Abstract:

    The contract of preventing capital effusion not only affect optimized allocation of capitals, but weaken the agents' negotiation ability in preferential reciprocation contract and therefore hinder the utmost optimization of regional economy. While the agents' moral risk exists, the high amount of fine for breach of contract determined by the contract of preventing capital effusion will prevent the realization of utmost total utility of regional economy. The difference between internal capitals and external capitals should be eliminated, reasonable legal valid period of regional financing contract should be stipulated and powerful laws should be used to prevent the main parties of regional financing from forcing investors to sign contract of preventing capital effusion.

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邹璇.阻碍资本外流契约对区域经济的影响[J].西部论坛,2004,(2):

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