第一部分评价了保密和透明的潜在代理成本。
Part I evaluates secrecy and transparency in terms of the potential agency costs that each creates.
它为代理成本理论进一步提供了依据。
It provides more foundation for contracting costs arguments.
这就是通常所说的经理人代理成本问题。
但分权容易造成代理成本和社会卸责等一系列问题。
But dispersed power easily cause a series of questions such as agent cost, social loafing etc.
本文的第二部分讨论了破产领域的现行代理成本问题。
Part II of this article discusses the agency cost problems prevalent in the zone of insolvency.
债务的期限结构、类型结构都将对代理成本的高低产生影响。
Debt term structure and debt category structure have an important effect on debt agency cost.
现代学派主要有追随者效应学派，信号假说，代理成本理论。
Modern school mainly contains clientele effect thought, signaling hypothesis and agency cost theory.
二是由经理人、控股股东‘自利动机’引起的现金持有代理成本。
Including: the lower rate of ruturn of cash holdings and agency cost of managerial or majority shareholders' self-interest.
而最优的安排就是使得由于信息不对称所产生的代理成本降至最低。
And the optimum arrangement is to make the agency cost fall to minimum for the asymmetrical information.
它实现了所有权和经营权的集中，从而降低代理成本、激励和约束管理层。
It has realized the concentration of ownership and right of administration, so reduces agency cost, incents and restricts the management.
企业债务中的债券具有的信号显示功能，有助于总体债务代理成本的降低。
Bonds in enterprise debts have signaling function, which can lower debt agency cost on the whole.
内部审计的目的在于减少企业风险，降低企业代理成本，使企业价值最大化。
The aims of internal audit are to reduce the risks of enterprises, lower the agent cost of enterprises, maximize the value of enterprises.
MBO对降低代理成本、调整企业结构、解决产权不清问题有着重要的意义。
MBO will be helpful in decreasing agent cost, adjusting the structure of company, and solving the problem of property rights.
同时实证分析不支持代理成本假说与税收假说，但支持现金流时间同步假设。
Agent cost hypothesis and tax hypothesis isn't supported by empirical investigation too, but time of cash flow hypothesis is supported.
在对公司再融资的研究过程中逐步形成了两种理论，即MM理论和代理成本理论。
In the process of studying refinancing, we have two kinds of theories: namely MM theory and agent cost theory.
通常被认为，透明和责任之间有着内在的联系；而许多人认为，秘密会产生大量的代理成本。
Transparency and accountability are seen as inherently linked, and secrecy is considered by many to produce large agency costs.
利益相关者共同参与企业治理可以减少交易费用，降低代理成本，提高企业绩效。
Stakeholder co-governance can reduce transaction cost, cut down agent cost and increase enterprise's performance.
在这一过程中，代理成本的存在以及如何降低这一成本是一个很值得探讨的问题。
In this course, the question of agent cost and how to reduce it are important for us to discuss.
企业在发行新债券时必须对交易成本和代理成本进行权衡，寻求最优债券期限结构。
Firms that pursuing optimal bond maturity structure must weigh transaction and agency costs of a new corporate bond issue.
公司治理成本分为公司治理机构的组织成本、总代理成本和协调决策成本三大部分。
The corporate governance cost comprises organization cost of governance structure, general agency cost and harmony and decision-making cost.
公司法人监督机构的建立和完善，从而降低代理成本已成为公司治理的核心问题所在。
To reduce the deputy cost by establishing and perfecting the supervision of a corporation has becoming the core of management of corporation.
委托人和代理人在公司信息方面的过度自信偏差都将提高代理成本、恶化道德风险问题。
The overconfidence bias of the principal and agent on the would firm ' s common signal quality of increase agency cost and worsen the moral hazard problem.
公司治理从实质上说是一个如何减小公司代理成本的问题，这方面人们付出了巨大的代价。
Essentially corporate governance is a problem about how to reduce the cost for surrogate, and people have paid out enormous expense in this respect.
卖方股东可以达到降低代理成本、激励和约束管理层、剥离资产和公营部门私有化的目的。
Seller (shareholder) can reach the purpose of reducing agency cost, incent and restrict the management, peel off assets and change public-owned departments to private departments.
现代企业所有权和经营权的分离带来了代理关系，而代理关系的存在又必然产生代理成本。
In modern company agency relationships exist because of the separation of the ownership and the management, and that agency relationships must bring agency cost.
发现代理成本理论，特别是其中的利益输送观点可作为分析我国现金股利政策的有利工具。
We find out that the agency theory, especially the tunnelling viewpoint is very fitful to analyse our dividend policy.
本文基于一个两时点大股东掠夺模型，考察了股权结构、代理成本与外部审计需求之间的关系。
Based on a two-stage large shareholder exploitation model, we examine the relationship among ownership structure, agency cost and external auditing demand.
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。
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.
股权激励是现代企业在所有权和经营权相分离的情况下，解决委托代理成本问题的一种激励措施。
Stock ownership incentive is an incentive measure on resolving the problem of agency cost in case of the "Separation of Ownership and Control"of modern corporations.
股权激励是现代企业在所有权和经营权相分离的情况下，解决委托代理成本问题的一种激励措施。
Stock ownership incentive is an incentive measure on resolving the problem of agency cost in case of the "Separation of Ownership and Control"of modern corporations.
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