Title: On the Necessity of the Formulation of Corporate Incentive Mechanism from the perspective of Principal-Agent Theory
Abstract:The conventional theories on incentives, which probe into how to activate and improve the incentives, fail to explain the reasons for the formulation of incentive mechanism. The paper analyzes the nec...The conventional theories on incentives, which probe into how to activate and improve the incentives, fail to explain the reasons for the formulation of incentive mechanism. The paper analyzes the necessity of incentive mechanism from the perspective of the Principal-Agent theory, elaborates the Principal-Agent theory and its importance to the design of incentive mechanism.Read More
Publication Year: 2002
Publication Date: 2002-01-01
Language: en
Type: article
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