G公司母子公司治理模式下子公司的經(jīng)理薪酬激勵研究.pdf

1、 IIAbstract A prominent feature of modern corporate system is that ownership and management control are separate, multi-level and low efficiency Principal-agent relationship of current state-owned company made themselves

2、 at a disadvantage position in the international marketing competition, had trouble in getting sustainable competitiveness and innovation capability and had no ability to participate in international competition. Accordi

3、ng to human capital theory, we know that managerial level of state-owned company is a special kind of human capital that they are trained both by high costs of education and hard working of themselves and nation. They st

4、and in a dominant position in management, the key factors deciding the configuration of various limited resources and improve management efficiency, the strategic core human resources which modern companies are lacking m

5、ost and which are helping in getting sustainable competitive advantage. But the problem that the incentive and restraint mechanisms of the state-owned company managerial level is being in a low efficiency state. We know,

6、 from the aspect of economic management, the state-owned company operator is a “economic man“ who is seeking to maximize their utility and grasping and possessing a large number of “personal information“ which the owner

7、unknown and had to verify. Whether their behavior and decision could be “subjective input” or would create “moral hazard“ behavior and “adverse selection“ which is inconsistent with the goal of owner, even conflict. This

8、 requires us to consider that designing a scientific and rational incentive system to “stimulate“ and “l(fā)ure“ operators to adopt a behavior reaching the goal of owner , reducing principal-agent costs has become the core o

9、f motivation theory of modern company. International research on business incentive system is already 80 years ,has also evolved a more mature approach in specific practicing process. However, for the different national