论文部分内容阅读
委托———代理框架下的现代企业必须通过一定的控制机制对管理者进行监督和约束 ,由此形成了现代的公司控制机制。代理投票权竞争是其中一种重要的形式 ,在公司控制权理论的演进中得到了重视。公司控制权市场可以被看作是一个由各个不同的管理团队在其中互相争夺公司资源管理权的市场 ,是公司治理结构内在作用机理的总体表现 ,其本质是委托———代理框架下的一种管理约束机制。代理投票权竞争对公司治理结构的完善具有积极的作用。
Commissioned --- modern agency under the framework of the agency must be supervised and constrained by a certain control mechanism to managers, thus forming a modern company control mechanism. The competition of proxy voting rights is one of the most important forms and has been paid more attention in the evolution of corporate control theory. The market of corporate control can be regarded as a market in which each different management team competes with each other for the resources management right of the company and is the overall performance of the intrinsic mechanism of the corporate governance structure. Management constraints mechanism. The competition of proxy voting has a positive effect on the perfection of corporate governance.