The property right contract of institutional shareholder enjoys the advantage of the agency of tradeexpenses, yet the long chain of agency will increase the cost in the trade.
机构股东的产权契约具有节约交易费用的代理优势,但代理链过长会增加交易费用。
2
The contractual theory of the firm is the theory origin of studying corporate governance, mainly including the tradeexpenses theory, the group production theory and the principal-agent theory.
企业契约理论是研究公司治理结构的理论渊源,主要包括交易费用理论、团队生产理论和委托代理理论。
3
The social capital of entrepreneurs plays an irreplaceable part in obtaining, coordinating and organizing resources, saving tradeexpenses and improving the management effectiveness of enterprises.