Jensen and Meckling将代理成本区分为监督成本、守约成本和剩余损失。按照代理理论,经济资源的所有者是委托人:负责使用以及控制这些资源的经理人员是代理人。代理理论认为,当经理人员本身就是企业资源的所有者时,他们拥有企业全部的剩余索取权,经理人员会努力地为他为自己而工作,这种环境下,就不存在什么代理问题。但是,...
Jensen and Meckling将代理本钱区分为监督本钱、守约本钱和剩余损失。依照代理理论,经济资源的所有者是委托人:负责利用和控制这些资源的领导人员是代理人。代理理论以为,当领导人员本身就是企业资源的所有者时,他们拥有企业全数的剩余索取权,领导人员会尽力地为他为自己而工作,这种环境下,就不存在什么代理问题。可是,...
内容提示: Journal of Financial Economics 3 (1976) 305-360. Q North-Holland Publishing Company THEORY OF THE FIRM: MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP STRUCTURE Michael C. JENSEN and William H. MECKLING* University of Rochester, Rochester, NY 14627, U.S.A. Received January 1976, ...
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mecklingjensencorporateownership博大精深famous JournalofFinancialEconomics3(1976)305-360.QNorth-Holland PublishingCompany THEORYOFTHEFIRM:MANAGERIALBEHAVIOR, AGENCYCOSTSANDOWNERSHIPSTRUCTURE Michael C.JENSEN andWilliam H.MECKLING* UniversityofRochester,Rochester,NY14627,U.S.A. ReceivedJanuary1976,revisedversionrec...
(1776) Keywords:Agencycostsandtheory,internalcontrolsystems,conflictsofinterest,capital structure,internalequity,outsideequity,demandforsecurityanalysis,completenessofmarkets, supplyofclaims,limitedliability ©1976JensenandMeckling JournalofFinancialEconomics,October,1976,V.3,No.4,pp.305-360. ReprintedinMichael...
代理关系与冲突JensenandMeckling(1976)代理关系主理人 代理關係 •代理關係與衝突 –JensenandMeckling(1976)–代理關係 •主理人雇用並授權給代理人，代其行使特定行為，彼此之間所存在的契約關係•股東與經理人之代理關係•債權人與經理人之代理關係 –代理衝突 •主理人與代理人因利益目標不同，而產生之...
① Jensen and Meckling(1976)~ 出,追求投资分散化价值是公司创业者寻求外部融资的根本动机.by Jensen and Meckling (1976). Partial residual claimsgovernance (Jensen and Meckling, 1976). Perquisites are viewed negatively because①Jensen and Meckling(1976)指 ,追求投资分散化价值是公司创业者寻求外部融资的...
MECKLING· MC Jensen,WH Meckling 被引量: 5.4万发表: 1976年 Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure In this paper we draw on recent progress in the theory of (1) property rights, (2) agency, and (3) finance to develop a theory of ownership ...
aJensen, M., Meckling, W., 1976. Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics 3, 305–360. jensen, M., Meckling, W. 1976年。 企业的理论: 管理行为、代办处费用和归属结构。 财政经济3, 305-360学报。[translate]...