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The Analysis on Financial Cooperative Controlling Mechanism of Enterprise Group
Enterprise Group Financial Cooperative Control Mechansim Value Effect
2013/2/23
As the core of modern market economy, enterprise group is an advanced form of organization after productive forces reached to a certain stage. For the reason of complexity and specificity of organizat...
A Study of Independent Director’s Reputation Incentive Mechanism Based on the Principal-Agent Theory
reputation incentive mechanism independent directors principal-agent relationship market signal
2013/2/23
This paper applies principal-agent theory to research into the incentive compatibility problems of the independent directors (IDs). The traditional fixed-pay system could preserve the independence of ...