委托代理理论和股票期权  

Trust Agent Theory and Stock Forward Right

作　　者：刘哲[1] 

机构地区：[1]北京石油化工学院,北京100076

出　　处：《北京市总工会职工大学学报》2003年第2期39-41,共3页The Beijing Federation of Trade Unions College Journal

摘　　要：委托—代理关系普遍存在于实行现代企业制度的企业中。在股东与经理的委托—代理关系中 ,股东是委托人 ,经理是代理人 ,股东追求股东效用最大化 ,经理追求经理效用最大化 ,两者之间存在着效用不一致 ,并引起代理成本问题。The relation between trust and agent is now in common existence in modern enterprises. In the relation between stockholder and manager, the stockholder is a trustor who seeks the greatest stockholders effect, and the manager is an agent who seeks the greatest managers effect. Both are differ with each other about their effects and result in agent cost. To put the stock forward right into effect can reduce the agent costs, and can resolve the problem.

关 键 词：委托代理理论 股票期权 现代企业制度 代理成本 激励机制 

分 类 号：F244[经济管理—劳动经济]