论文代写价格:委托代理理论

今天为大家整理一篇优秀的essay范文-论文代写价格:委托代理理论。本文讲述的是委托代理理论是指委托人根据明示或默示的合同,指定或聘用代理人为其提供服务,而将决策权授予代理人,并注重代理人所提供服务的数量和质量,从而获得报酬。委托代理关系主要是随着生产力的发展和生产规模的扩大而出现的。

论文代写价格:委托代理理论

它是基于不对称的信息。原因是生产力的发展使得劳动分工更加尖锐。因此,业主不能行使所有的权利,由于知识和能力。另一方面,专业化使得许多代理人有能力行使自己的权利。然而,委托人追求的是财富的增加,代理人追求的是工资的增加,这必然导致两者之间的利益冲突。在缺乏有效制度的情况下,代理人的行为有可能最终损害委托人的利益。

论文代写价格:委托代理理论

Jensen和Meckling(1976)从另一个角度对Alchian和Demsetz理论进行了评价。他们认为,在两种权利分离的情况下,由于经理不是公司的所有者,经理可能承担所有成本,只获得部分利润。当管理者消耗了额外的收入,他就得到了所有的收益,而只承担了一小部分的成本。结果将导致经理们对额外支出感兴趣,而不是工作。在这种情况下,公司的价值将低于所有者-管理者的价值。两者的区别被称为“代理成本”,以解决代理成本,这导致了让管理者拥有全部剩余利益。

论文代写价格:委托代理理论

Spenee and Zeekilauser(1971)、Ross(1973)和Grossman and Hart(1983)也发展了委托代理理论。他们发现委托人希望代理人按照委托人的利益行事,但委托人不能直接观察到代理人的选择行为。主体可以观察到由代理决定的一些变量。由于这些假设,代理人可能会追求自己的利益,并与委托人的利益发生冲突,这被称为“道德风险”。因此,主要关注的是如何观察基于可变激励的代理人,以激励代理人采取有利于委托人的行动。也就是说,激励问题的核心,即在委托代理的框架下寻求最优的激励方案。委托代理理论极大地改善了人们与基金经理和投资者之间的关系。由于委托代理理论研究的是信息不对称行为,因此是研究基金经理激励的主要理论基础。

论文代写价格:委托代理理论

激励理论可以分为四类:内容激励理论、过程激励理论、改革激励理论和综合激励理论。内容激励的目的是为了满足个人需求,激发适当的激励,为组织的目标服务。过程动机理论关注的是指向和选择的心理过程和行为。改革激励理论认为,人的行为对目标行为的结果是基于选择和反应的。在综合激励中,综合考虑了内部和外部的激励因素。

论文代写价格:委托代理理论

Principal-agent theory refers to the principal according to an express or implied contract, designation or hires an agent for services, while decision rights are granted to agents and pay attention to the number and quality of services provided by the agent remuneration. Principal-agent relationship is viewed mainly with the advent of the development of the productive forces and large-scale production generated. It is based on asymmetric information. The reason is that the development of productivity makes division of labour further sharper. Then, owner cannot exercise all the rights due to the knowledge and ability. On the other hand, specialization makes a large number of agents who they have ability to exercise rights. However, principal is pursuing to increase their wealth, and agents pursue to increase wage, which will inevitably lead to a conflict of interest between the two. In the absence of effective institution, the agents’ behaviours are likely to eventually damage the interests of principal.

论文代写价格:委托代理理论

Jensen and Meckling (1976) from another point of view assessed the Alchian and Demsetz theory. They argue that under the conditions of separation of two rights, since the manager is not the owner of the firm, results of manager that he might bear all costs and only get part of the profits. When manager incur the consumption of additional revenue, he then gets all the benefits and bears only a small part of the cost. The results will lead to managers interested in additional spending, not to work. In such cases, the value of the firm will be less than the value of the owner-manager. The difference between the two is called “agency costs” to address the agency cost, which leads way to let managers have full residual interest.

相关的论文代写的话题