This paper examines the applicability of such theory to the governance of public pension funds , discusses the particularity of the principal - agency relationship and agency problems that may exist in public pension 同私营公司和养老基金相比，公共养老基金的委托代理关系较为特殊，目标利益冲突更为复杂，委托代理风险也有很多特殊表现。
Risks always go along with investment , including agent risk , investment combination risk and other market risks . how to control risks , induce cost and ensure the safety and benefit of occupational pension fund 投资必有风险,其中包括代理风险和其他市场风险、投资组合风险等,如何控制风险,降低成本,保全年金基金本金并获得投资收益
Although professional managers , with the advantages of time and inside knowledge , can run a business to suit their own interests , family owner - managers are often thought to be less prone to such “ agency risk ” 尽管那些有时间和内部消息便利条件的职业经理人们会从自身利益出发来管理公司，家族企业的所有者经营通常被认定较少“代理风险”倾向。
( l ) 0n analyzing the types and the reason of agency risk on venture capitalist , we qualitatively analyses the venture capitalist evaluation index . and we put forward a index system for venture capitalist evaluation ( 1 )在分析创业企业家的代理风险的类型、代理风险的成因基础上，对基于代理风险的创业企业家评估指标进行了定性分析，提出了创业企业家评估指标子体系。
An annual salary model is constructed able to stimulate the operators for a short term and determine the operator ' s guidelines . a simulation stock is built to make operator ' s effort faction in accordance with enterprise 利用该模型实现了对西安车辆厂经营者短期激励和长期激励的目的，使经营者效用函数与企业效用函数趋向一致，达到了激励相容的原则，有效解决了代理风险。
Because of control of corporation by the managerial class and existence of the risk of principal - agent relation , in order to restrain them effectively , we need to set up a series of perfect legal system of corporation manager 经理阶层控制了公司以及委托代理风险的存在，要求我们有必要建立一套完善的公司经理法律制度以对其进行有效的约束。西方国家在此方面已建立起了完善的法律制度。
Section 3 includes the fifth chapter , the sixth chapter , the seventh chapter and the eighth chapter , sepearatly analyzing decision - making risk , agency risk , growth risk and exiting risk in venture capital investmen cycle to study their micro management mechanism 第三部分包括第五章、第六章、第七章和第八章，分别针对创业投资周期中的决策风险、代理风险、成长风险和退出风险进行分析，研究其微观管理机制。
He may not realize consigner ' s income maximization automatically and may even cause loss of consigner ' s income basing on the motive of opportunism when he maximizes his own utility . that is the deputizing risk in administrative theory 这样，有着独立利益的代理人在自身利益最大化的过程中，不会自动实现委托人收益的最大化，甚至基于机会主义动机，在最大限度增进自己利益的同时，可能造成委托人利益的损失，形成管理理论的代理风险问题。
This paper takes the venture capital company as subject in risk management , and the risk factors in venture capital investment cycle as object , spreads out from three sides which include outside guarantee of risk management in venture capital that is to keep away macro condition risk , inside base that is congnition of risk managementsubject , and central content that involve micro management mechanism of different risk object . through a plenty of emperical investigation including evaluation of macro condition risk , identification of subject of risk management , information obstacle in decision process , agency risk performance of entrepreneur , risk attitude of venture capitalist and entrepreneur , control actuality at post - investment stage , supply and demand of value - added service , and exit practice etc . , the paper firstly analyzes the risk management mechanism of venture capital wholely in system 本文以创业投资公司为风险管理主体，以创业投资周期中的风险因素为管理客体，从外在保证? ?宏观环境风险防范、内部基础? ?风险管理主体的认知、核心内容? ?不同风险客体的微观管理机制三个层面展开，首次通过大量的实证研究，包括宏观环境风险的评价、风险管理主体的认知、决策过程中的信息障碍、创业企业家代理风险的行为表现、创业投资家和创业企业家的风险态度、投资后阶段的监控现状、增值服务的供需、退出实践等内容，在理论分析和实证调查的基础上系统而全面地研究创业投资的风险管理机制。
In order to prevent the risk of agency efficiently and reduce the cost of agency , the company must start with the relationship between market - governance structure and the relation - governance structure in management , practise a scientific governance structure , solve the problems of information asymmetry between clients and agents , give full play to the civil audit functions , give a good construction to the governance structure and the nongovernmental audit system of china ' s listed companies , realize the important role the audit system plays in the maintenance of civil order of the market economy and perfect the corporate governance structure 摘要为有效防止和减少代理风险，降低代理成本，公司必须从市场式治理结构与关系式治理结构入手，实行科学的治理结构，并解决好委托人与代理人之间的信息不对称问题，充分发挥民间审计的职能，构建好我国上市公司的治理结构与民间审计制度，以充分认识民间审计制度在维护市场经济秩序、完善公司治理结构方面发挥的重要作用。
