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- W2387259456 abstract "Enterprise is an integration of a series of input factors and the core of contract is the allocation of residue of firm. The allocation system is the core of its incentive and restrictive system. The incentive and restrictive system for managers and shareholders is a kind of bidirectional, dynamic and repetitive game process. Essentially, the struggle on the control of the enterprise is to obtain stronger control on enterprise's surplus through creating more information asymmetry. The process of the struggle on the enterprise's control is the representation of the dynamic and repetitive game. However, the China's private listed enterprise, indeed, is on the course of the junior step of the transformation from a classic one to a modern one. Although the share is dispersed, the shareholders strengthen its control on the enterprise and there is no obvious game on the enterprise' s control between managers and shareholders. Consequently, the management and shareholders come into being a so-called combined entrepreneur, and they conspire against the corrosion in the way of corrosion effect." @default.
- W2387259456 created "2016-06-24" @default.
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- W2387259456 date "2006-01-01" @default.
- W2387259456 modified "2023-09-26" @default.
- W2387259456 title "Game Theory of Private Listed Enterprises' Control Rights on Principal-agent Theory" @default.
- W2387259456 hasPublicationYear "2006" @default.
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