In the existing incentive scheme, the truth-inducing pay scheme is complex of calculation, regard bargaining which take place in budgeting process as adverse factor and try to get rid of it.
现有的预算激励方案中,真实导向型的激励计划的计算颇为复杂,而且该方法将预算中的“讨价还价”完全是视为一种不利因素而试图消除。
The theory of information transition and agency cost argues that debt and dividend in incentive contract can mitigate adverse selection and moral hazard, and can be replaced by each other.
信息传递理论和代理成本理论认为,在激励契约中,负债和现金股利可以相互替代,但是现实中负债与现金股利却共存于激励契约。
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