利益协调论:对独立董事制度的一种新理论解说  

The Theory of Interests Reconciliation: A New Analysis On Independent Director Institution

作　　者：张晓岚[1] 张文杰[1] 

机构地区：[1]西安交通大学经济与金融学院,陕西西安710049

出　　处：《现代财经（天津财经大学学报）》2008年第3期7-12,共6页Modern Finance and Economics：Journal of Tianjin University of Finance and Economics

基　　金：国家自然科学基金项目(70572041);上海对外贸易学院贸易与发展研究会项目的阶段性成果

摘　　要：依据企业契约理论,以利益相关者通过提供要素使用权合作投资组成企业这一合约过程中发生的利益冲突与协调为主线,提出了"利益协调论",对独立董事的本原性质和治理效应弱化的根本原因进行了重新解读,并基于"利益协调论"的基本逻辑,从独立董事的选拔、功能定位、职责细化、激励约束等方面剖析了现有制度安排缺陷,并在此基础上提出一个逻辑一贯的治理分析框架,以期真正发挥独立董事治理硬约束的作用。This paper studies independent director institution from interest conflict and coordination between different stakeholders. We conclude that independent director institution is a mechanism and result of interest conflict and reconciliation, which varies with interest conflict. The phenomenon of the common poor governance effect of independent director institution is attributed to the neglect of the interest-coordination nature. Based on theoretical hypothesis, this thesis brings up a logistic governance framework on the select, function, incentive compensation of independent directors.

关 键 词：独立董事制度 经理人 利益协调 

分 类 号：F230[经济管理—会计学]