Title: On the Analysis and Measurement of SOM’s Four Kinds of Agency Cost under the Financial Supervision System
Abstract: On the basis of the classic concept of agency cost,this paper conducts a profound analysis of the four kinds of agency cost of state-owned monopolies under the financial supervision system.Through comparison of the efficiency losses of market value creation between SOM and private enterprises,the four kinds of agency cost of SOMs have been measured out.The test result shows that the agency efficiency of SOMs is very low,and the market value is losing seriously.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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