从道德风险角度而言，社会网络中起来的信任关系等替代性机制，减少了监督合同执行的交易成本。
From the perspective of moral hazard, a social network creates substitute mechanisms like trust relationship, which save the cost for monitoring.
它一方面关系到社会福利机构、或上述公司的监管，另一方面，关于它的具体活动，也关系到与这些机构有牵涉的交易的监督。
It relates on the one hand to the supervision of the institution, the firm as such, and to its activities, the transactions in which this institution is engaging.
劳资关系的改善可以降低交易费用，提高企业的社会资本。
The improvement of this relation can reduce transfer cost, while increase social capital.
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