Research on the Substitution Relationship between Monetary Compensation Incentives and Control Rights Incentives for Operators

Author: Li Liangzhi
Publisher:
Publish Date: 2005-11-01
Features: This book studies how the owner of China's state-owned enterprises—the state—motivates its operators, including information asymmetry and operator incentive models, monetary compensation and operator incentives, operator control rights incentives, the substitution of monetary compensation incentives for control rights incentives, the prerequisites for substituting monetary compensation incentives with control rights incentives: the manager market, and the practice of monetary compensation incentives substituting for control rights incentives.