Therefore the enterprises of our country will unavoidable adopt stock option system step by step , so to reduce agency cost , and raise social welfare 因此，我国企业将不可避免的会逐步采用股票期权制度，从而降低代理成本，提高企业经营业绩。
Signaling hypothesis believes that dividend policy can affect stock ’ s price . agency cost hypothesis believes that the payout of dividend will decrease the agency cost 最具代表性的三种现代股利理论:追随者效应理论、信号假说和代理成本理论。
In the case of capital limit , the inseparability of human capital increases agency cost while the absence of capital market efficiency decreases it 在资本限额的条件下，一方面人力资本的不可分散性增加代理成本，另一方面资本市场的效率缺失降低代理成本。
Stock option is a successful encouraging system to super managerial personal . it is based on the agency , human capital and mutual prompting theories 它建立在委托代理理论、人力资本价值贡献论和激励相容论的基础之上，既可以降低代理成本，又可以吸引稳定企业优秀人才。
Mbo is a tool that can optimize the management construction of company , decreases the agency cost , promotes the improvement of management and change the irrational encouraging mechanism Mbo是优化公司治理结构，降低公司代理成本和促进公司管理、激励机制变化的有效工具。
Independent director has the functions of monitoring , evaluating , and governing the managers , could reduce the agency cost , and balancing corporation ' s governance structure 独立董事具有监督、评价和制衡管理层权力的功能，能够降低管理层的代理成本，改善公司的治理结构。
But with the expansion of the enterprise ' s size , there are some problems to appear , such as the increase of management cost , agency cost and the defining cost of property right 但随着企业规模的扩大，在企业治理中会产生管理成本增加、代理成本上升、产权界定成本增加等问题。
The companies " organizing cost composes of two parts : one is agency cost that be resulted in the target inconformity among these people who have the right to make the decision 公司的组织成本重要由两个部分构成：一是决策人目标不一致而引起的代理成本；二是缺乏信息引起的成本。
From the angle of the agent ' s cost which comes from the principal - agent between the investor and fund manager , the article analyses the reason of the discount of closed - end fund of our country 从投资者和基金经理之间委托代理产生的代理成本的角度,分析了我国封闭式基金折价的原因。
The cost of family operation is low , when the business is small , it can realize the uniform and optimal of agent cost on trust and agent capacity on expertise 家族管理模式经营成本低,在企业规模较小时,能实现基于信任基础之上的代理成本与基于专家能力之上的代理能力的统一和最优。
