Agency and Transaction Cost Perspectives on the Manager-Shareholder Relationship: Incentives for Congruent Interests
从代理理论和交易成本理论出发,探讨了控制管理者机会主义行为的激励和监督方法,并提出了十个假设以促进管理者与股东利益一致的研究。
This paper examines the manager-shareholder relationship through agency and transaction cost theories. The literature of those theories suggests several incentives and monitoring methods that may control opportunistic behavior among managers. Ten hypotheses are proposed concerning those incentives and monitoring methods, and methodological suggestions are made to motivate research regarding the congruence of managerial and shareholder interests.