试论现代企业制度下的企业经营者激励机制与监督约束机制

企业所有者与经营者目标差异使经营者有可能背离所有者目标。所有者可用激励和约束两种方法协调目标。针对国有企业对经营者激励和监督约束不够而出现的短期化行为 ,本文认为应建立经营者年薪制、引入股票期权和精神激励等有效激励机制 ;应建立产权约束、规范的法人治理结构、行政监督、中介机构的监督等有效监督制约机制。

Discussion on the encouragement institution and superrisory binding system

The difference of the objective between the owner and the manager in enterprise makes the manager possible deviate from the objective of owner.Regarding this,the Owner may use the methods of the encouragement and binding to keep both objectives in harmony.This assay shows that the guaranteed annual wage,stock owning and spirit encouragement should be brought into the practice,the legal person governance of property right binding,administrative supervision and termediary organization should be set up.