Dissertation > Excellent graduate degree dissertation topics show

Principal-agency, Interest Deviation and Efficiency Improvement

Author: HuYue
Tutor: LiJingMing
School: Wuhan University of Science and Technology
Course: Business management
Keywords: principal-agent state-owned enterprise financial efficiency corporate governance theory
CLC: F275
Type: Master's thesis
Year: 2013
Downloads: 37
Quote: 0
Read: Download Dissertation


State-owned enterprises are the pillar of the national economy, the development of thesocialist market economy and I play a decisive role in the economic system reform. State-ownedenterprises have all the hallmarks of modern enterprises, including the separation of ownershipand managerial authority, as well as the conflict of interest between the owner and the operator.Compared to state-owned enterprises and private enterprises, agency problems may be moreserious. Because our country state-owned enterprise principal-agent relationship has entrustedagent level, more essential characteristics of the subject is not clear, the principal-agent problemsof state-owned enterprises is very outstanding, how to eliminate or reduce the principal-agentproblems, protect the interests of investors, to become a worldwide problem. Because ourcountry state-owned enterprise principal-agent relationship has entrusted agent level, moreessential characteristics of the subject is not clear, the principal-agent problems of state-ownedenterprises is very outstanding, solve the principal-agent problems of state-owned enterprises tooptimize the state-owned enterprise principal-agent relations, improve the efficiency of ourcountry state-owned enterprise financial, to realize the value of state-owned assets has veryimportant theoretical significance and practical significance.This research uses the standard research and empirical research method of combining thefrom the perspective of principal-agent, the efficiency of the state-owned enterprise financialproblems. Article prime minister this topic research present situation, the research significance,research contents and research methods do in this research. Then the basic theory of financialefficiency problem of state-owned enterprises made a systematic carding, then to analyze fromthe perspective of principal-agent the generating mechanism of state-owned enterprise financialefficiency on the basis of the financial efficiency of state-owned enterprises to do thecorresponding empirical research, the last is presented based on the foregoing all the efficiencyof the state-owned enterprise financial systemic countermeasures and Suggestions forimprovement.Through the study of the main research conclusions are as follows:(1) the state-owned enterprise financial efficiency is low because of principal-agent chain islong and low efficiency of each layer of principal-agent, this is the main reason, but not a causeof the state-owned enterprise the root of the principal-agent exist many problems. Only a realstake in reform and financial governance efficiency is the key to promote efficiency of thestate-owned enterprise financial.(2) the only tangible improvement to the complex relationship of principal-agent chain ofstate-owned enterprises, commissioned by the dual identity of reduction, equity clarity, can reallysolve the state-owned enterprise financial efficiency is low.(3) to enhance the efficiency of each layer of principal-agent, the key is to improve themoral quality of agent, or design more good mechanism to control and motivate the agentbehavior, so that they cannot breach of contract, not to drill the vulnerability of incompletecontract.

Related Dissertations

  1. The Choice and Incentive of Logistic Provider Based on Fresh Agricultural Products Chain-Retail,F326.6
  2. The Case Analysis on Property Right Dispute of the Restructure of State-owned Enterprises,F276.1
  3. Control study based the agents compensation contracts designed channel,F224
  4. Research of the Relationship between Clan System and Principal-agent Relationship in Huizhou Pawnshops,K248
  5. Information Economics Perspective Library Service,G252
  6. A Study on the Effect of Financial Development on the Upgrading of Industrial Structure in Zhejiang,F832.7;F224
  7. The Impact of Group Corporate Governance on Internal Capital Market Efficiency,F224
  8. Research on the Case of the Internal Control in State-owned Enterprise (BGJT),F276.1
  9. The Study on Oversea M&A Efficiency of Chinese Banks,F271
  10. A Study on Corporate Culture Based on the Huanghai Rubber Group Corporation,F426.72
  11. A Study of Perfecting the Legal System of Folk Financing by Small and Medium-sized Enterprise,F832.3
  12. The Research on the Impact of VC to Firm’s Performance,F272;F224
  13. Sensing Data Flasification Attack Defense for Cooperative Spectrum Sensing Schemes in Cognitive Radio Systems,TN925
  14. The Study of the Collaboration Mechanism of Enterprise Groups Based on the Manufacturing Grid,F272
  15. 061 Base Services Project Management Research Group,F276.1
  16. The Studies on Senior Manager Motivation System of Shelfoil Petroleum Equipment & Services Co., Ltd,F272.92
  17. Studies on the Moral Hazard of Insurance Industry Based on the Mathematical Analysis,F842;D648
  18. The Research on the Optimum Premium Rate of State-owned Enterprise’s Pension in Liaoning Province,F842.6
  19. Based on the diversification of property rights of state-owned enterprise reform,F276.1
  20. Research on the Law Problem of Our Country State-owned Enterprise Operating System,D922.291.91
  21. Research on Resolve Countermeasure of Ideological and Political Work in State-Owned Enterprises,D64

CLC: > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management
© 2012 www.DissertationTopic.Net  Mobile