人力资本所有者的行为受到契约的影响。

The behavior of human capital is influenced by the contract.

youdao

分享型激励具有整合人力资本所有者与非人力资本所有者利益的功能。

Sharing incentive has function which can combine human capital owners benefits with non-human capital owners.

youdao

现代企业是资本所有权与经营权相分离的产物，是资本所有者委托职业经理经营的实体。

The modern enterprise is the production of the capital property rights and the management power separation, and the entity which capital owner entrusts professional managers to operate.

youdao

Well, that leakage--that 1.5% or 2% that you pay your hedge fund manager- plus the 20% of profits really reduces the amount of return that's available for the owners of capital.

系统的损耗,大约1.5%或2%的管理费率,用来支付给对冲基金经理,加上20%的利润提成,显著减少了资本所有者,可以得到的回报

耶鲁公开课 - 金融市场课程节选

It's a little bit of a digression, but one of the things that I've witnessed over the past twenty years is that the leakage of the -the leakage from the system in terms of the returns that go to the owners of capital -leakage has increased enormously.

讲一点稍稍离题的内容,我发现,过去的二十年中,这种损耗,这种减损资本所有者收益所得的,系统性损耗,有相当巨大的增长

耶鲁公开课 - 金融市场课程节选