agency theory 中文意思是什麼
agency theory
解釋
代理理論-
It points out that the fiction theory corresponds to the agency theory from the essence of artificial person, the actuality theory to the delegacy theory
從法人的本質問題出發，指出法人擬制說對應的是代理說，法人實在說對應的是代表說。 -
Early in the thirties of the last century, the western economists began the study on dividend policy. there were three groups, the left, the right and the center. le ftist advocated low dividend, rightist maintained high dividend and center did not think dividend policy is relevant to enterprise valuation, they were called classical theory, later on, they have developed into modern dividend theory, including residual dividend theory, clientele effect theory, ownership structure theory, agency theory, signaling theory and transaction cost theory, etc.
早在上世紀三十年代，西方經濟學家就開始了對股利政策的研究，形成了主張低股利的「左派」 、主張高股利的「右派」及認為股利高低與企業價值無關的「中間派」 ，其中前二者稱為股利相關論，後者稱為股利無關論，三者共同構成古典股利理論。 -
It takes agency theory as its premise, human resource property right as its core, and modern distribution theory and risk theory as its foundation. its basic idea is to give high - level managers headed by chief executive officer the right to purchase common stocks of the company at a certain price and time in the future. through this equity system, it ' s expected to inspirit organizations " management in the long run, avoid operators " short - term behavior, and thus reduce agency cost, improve organizations " management structure, and promote the stability of management, so that both constituents ( stake holders ) and vicegerents " ( operators ) targets of gaining profit will be realized finally
其本質是對經營者的一種薪酬安排；它以代理理論為前提，以人力資本產權理論為核心，以現代分配理論和風險理論為基礎；其基本內容是給予公司內以首席執行官為首的高級管理人員在未來某特定的時間按某一固定價格購買本公司普通股的權力；通過這種機制希望對公司管理層起到長期激勵的作用，避免經營者的短期行為，從而減少代理成本，改善企業的治理結構，促進穩健經營，最終實現委託者（股東）和受託者（經營者）雙贏的目的；它是把期權理論應用於現代激勵機制的一種制度創新，比較符合市場經濟條件下企業經營者的價值取向和企業發展的戰略要求。 -
The theory of “ financing by firm ”, which is based on classical theory, ignores the existence of entrepreneur. it mainly studies how financing influences the value of firm. the modern agency theory recognizes the characters of human capital, for example, human capital ’ s impartibility ; the financing by manager theory s based on the agency theory holds the point that prompting and supervision can solve the agency problem caused by the different benefit aim between the manager and the boss
建立在古典理論上的「企業的融資理論」忽略了企業家的存在，主要研究融資對于企業價值的影響;現代委託代理理論雖然注意到了人力資本的特性，如人力資本的不可分性等，並且建立在委託代理基礎上的「經理的融資理論」 ，主張用激勵和監督解決經理與資本家目標不一致而產生的代理問題，但是，代理成本問題在企業家的企業中並不是重要的，不能反映企業家融資的核心問題。 -
On the base of different theories, such as enterprise contractual theory, agency theory and option incentive theory etc, economists have studied the related factors of growth enterprise
經濟學家從企業契約理論、委託代理理論、期權激勵理論等不同的方向出發，對企業的成長性相關因素進行了深入的研究。 -
Theories could be found in the modern property system, trust agency theory and insider " s control theory. legal basis are indicated by the accordance between gfis and law as well as its amendment finally, the low - cost of supervision by gfis reflects its practical basis. besides, gfis is also conducted as an international practice.
委派財務總監可以從現代產權制度、委託代理理論以及內部人控制說中找到理論的依據，從委派財務總監與法律的一致性方面以及法律的可修訂性說明委派財務總監制具有法律依據，國際上的通行做法表明委派財務總監制具有國際慣例依據，最後財務總監實現監督的低成本反映其具有現實的經濟依據。 -
At first it explains the concept of m & a and comments on the motives of m & a under the academic background of new classic theory, x - efficiency theory, agency theory and transaction cost economics
文章首先對並購的概念進行界定，然後在對國外新古典綜合派、 x -效率理論、委託-代理理論以及交易費用經濟學背景下的企業並購動因進行了評述。 -
Unfortunately, neither of these two causes, according to the agency theory and the actual situation of china, can be thoroughly eliminated. so what can be done now is only to partly solve tr management problems. in this case the author proposes some problem - solving strategies in the positions of managers and employees, for in the light of state - contingent ownership theory they are also owners just as stockholders do
因為契約的不完全性導致的機會主義行為是一種在任何企業中都存在的且不可能完全根除的普遍現象，並且tr公司所有者缺位的問題按照中國目前的情況還無法解決，所以筆者提出要徹底解決tr公司所出現的問題是不現實的，但按照狀態依存所有權理論，可以從tr公司管理層和員工的角度來尋找處理問題的對策。 -
The incentive regulation theory is formed on the basis of information asymmetry and differences of behavioral objectives, which is the application of principal - agency theory and mechanism design theory in governmental regulation field
摘要激勵性規制理論是建立在規制雙方信息不對稱和行為目標差異基礎之上的，是委託代理理論、機制設計理論在政府規制領域的應用。 -
It is the inevitable direction of state corporation innovation that state - owned shares are possessed by numerous shareholders by decreasing state capital, which is testified by property right theory and agency theory
產權理論和委託代理理論證明，通過國有資本減持達到國有股權多元化，是國有企業改革不可逆轉的方向。 -
Chapter ii : theory analysis. this chapter mainly talks about three points. first the concept of eso system. eso is a kind of right of trading in own enterprise ' s stocks, which is given to certain senior staff by stockholders in legal view eso means civil right of new type, secend eso ' s theoretical basis : theory of agency, theory of corporate governance structure and theory of human capital. finally negative effects of eso system. that is, eso intends to cause hazards of insider control, management loss and morality
在理論基礎上，股票期權受到了委託代理理論、公司法人治理結構理論和人力資本理論的支持，有助於降低委託代理成本和完善公司法人治理結構，滿足了知識經濟條件下人力資本升值的要求。與此同時，股票期權制度也具有加大內部人控制風險、誘發道德風險和企業管理風險的負面效應也引人關注。我國要實施股票期權制度必須關注其正面與負面效應。 -
On the other side, through the multi - aspects of research and the experience both from china and abroad on m & a, the article also clarifies its view on the efficiency theory, agency theory, transaction charges theory, value understatement theory, marketing influence theory and wealth reallocation theory. it also gives an explanation on the primitive motive on m & a, i. e. pursuing maximum profit and minimum competitive pressure, which, at the same time, generates the relevant effects : finance synergy, management synergy, market share effect, enterprise development effect, and strategy transit effect. the detail planning of a m & a strategy according to the relevant m & a motive is of critical importance to the success of a m & a operation
企業並購從橫向並購、縱向並購、發展到混合併購，反映了企業並購的發展過程；從多種角度對企業並購加以研究，並結合國內外企業並購的實際，闡述了企業並購的效率理論、代理理論、交易費用理論、價值低估理論、市場勢力理論、財富再分配理論；分析了企業並購的原始動因? ?追求高額利潤與減少競爭壓力，並由此產生的效應? ?財務協同效應、管理協同效應、市場份額效應、企業發展效應、戰略轉移效應；根據企業並購的動機，謹慎規劃企業並購戰略，對企業並購成功至關重要，可以採用中心多角化戰略、復合多角化戰略、垂直式整合戰略、水平式整合戰略來規劃企業並購；採用一個合適的方法對目標企業進行價值評估是企業並購中一個重要環節，正確評估目標企業的價值，使交易價格相對公正合理，並能提高交易成功率，避免決策失誤；確定企業並購價值后，採用一個合理的支付方式，就完成了企業並購的最後工作。 -
Revelation seen from the principal - agency theory to the reform of management system of our institutions of higher learning
委託代理理論對我國高校管理體制改革的啟示 -
Based on the trust law, the agency theory, the frame of internal restrictive structure and the theory of institutional economics, using the comparative methodology, this thesis discussed four internal restrictive modes, whose representative nation is japan, germany, u. k. and india. the author compared and analyzed the rules, the operation, the advantage and disadvantage of each mode, and the background reasons in each representative nation. considering the realism environment of our fund industry, the author proposed and designed to use the independent trustees ’ mode for reference to reform our internal restrictive and governance structure of contractual fund
本文在信託理論、委託代理理論、內部約束模式理論和制度經濟學相關理論的基礎上，利用比較分析的方法，對比研究了以日本、德國、英國、印度為代表的四種契約型基金內部約束模式的運作、優劣以及在各典型國家取得成功的背景原因，並從我國基金業現實不足的深層次原因和客觀限制環境出發，提出借鑒獨立受託理論的制度安排，建立以受託委員會為核心的契約型基金約束模式的改革建議和具體的運作設想。 -
Considering above of analyses, a new angle of view was used in my study that is management sciences. the basic theories in this dissertation include leadership theory, tmt theory, power - transfer reformation theory, property theory, separation of powers theory and the principal - agency theory
基於此，本論文擬從一個新的視角? ?管理學角度，來研究管理者能力對企業經營業績的影響，從而為提升國有企業經營業績和規范國有企業經營者選擇提供實證依據和建議。 -
In concern with the manager system, arbitrarily elective norm should be the fundament and peremptory norm should be the exception to the limited company, but compulsory law would be the component basis to the joint - stock company, which derives from the different cognitions on the characters of company law by two theories of company management, agency theory and contract theory
隨后，本文闡釋了公司經理法律制度的法理念，指出關于公司治理的兩種理論陀代理理論與合同理論）對立的焦點集中在對公司法性質的不同認識。具體到到經理制度，公司法對有限公司的經理制度應以任意性規范為基調，以強行法規范為例外；對股份公司原則上則以強行法為主。 -
An analysis of the corporate governance of foreign subsidiaries based on agency theory
基於代理理論的跨國公司海外子公司治理問題研究 -
Agency theory is a leading theory need to analyze corporate governance
摘要本文以委託代理理論為分析框架審視了公共養老基金的管理問題。 -
In second chapter, i will probe into corporate governance from contract theory and agency theory
第二章從企業契約理論和代理理論探討公司治理的產生。 -
Agency theory argues that management should be held accountable for their firm ' s performance
委託-代理理論認為公司的高層管理者應該對公司的經營業績負責。
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