Review on the Study of the Allocation of Corporate Control in Enterprise Theory  

作　　者：ZHOU Jun MING Da-zeng OU Xu-dong 

机构地区：[1]Wuhan University of Technology, Wuhan, China

出　　处：《Chinese Business Review》2013年第7期477-482,共6页中国经济评论（英文版）

摘　　要：With the establishment of a modem corporate system, the separation of ownership and management appears in the company. The rational allocation of corporate control between different behavioral agents has attracted more and more attention. This paper points out that scholars have studied the allocation of corporate control from the angles of the agency cost theory, property rights theory, corporate finance theory, and the theory of corporate governance, which has great value. However, the existing theories also have some flaws on the allocation of corporate control. First, people still have different understandings and views over the meaning of corporate control. Secondly, the existing research theoretically only observes and studies an arrangement of sheer level control, the allocation between final control and real control. This paper argues to build the two-tier allocation of corporate control： The first tier relation is between ultimate control rights and actual control rights, the second tier relation is between indirect control rights and direct control rights which are in actual control rights. This study can explain the resource allocation effects of corporate control, promote the development and improvement of the theory of the firm.

关 键 词：corporate control allocation of rights corporate governance 

分 类 号：F279.21[经济管理—企业管理] TS972.322[经济管理—国民经济]