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来源:百度知道 编辑:UC知道 时间:2024/05/24 05:28:30
在公司治理机制权力配置、制衡与激励理论的基础上,以独立董事和股东之间存在委托代理关系的前提下,引入了独立董事个人能力的高低、信息传递机制、独立董事的道德水平、激励系数、独立董事工作的努力程度、独立董事的报酬六个变量。假设独立董事是风险中立者,那么公司收益最大化等价于独立董事效用最大化;全体股东对于独立董事的选聘问题能够达成全体一致;经理层是机会主义者,在没有监督的情况下会损害股东利益;独立董事是经济人,即以自身效用最大化为行为目标,利用产出函数、成本函数以及利润最大化等相关知识构建了独立董事制度运行机制的数理模型,通过对数理模型的分析,试图解释和检验中国独立董事制度运行机制的效果。

In the corporate governance mechanism for allocation of powers, checks and balances and on the basis of the theory of incentives to independent directors and shareholders of principal-agent relationship between the premise of the introduction of the independent directors of the level of individual ability, information transmission mechanism, the independent directors of the moral level of incentives Factor to the work of the independent directors, independent directors of the six variable remuneration. Assumption of independent directors is risk neutral, then the company to maximize revenue is equivalent to maximize the effectiveness of independent directors; all the shareholders for the selection of independent directors to issue to reach unanimity; managers are opportunists, in the absence of supervision of the Council Harm the interests of shareholders; director of economic independence, that is, in order to maximize the effectiveness of their own behavior as the target, the use