由于现代企业中所有权与经营权的分离,经营者管理目标与所有者目标可能会不一致。
The manager's objective may ha different horn that of the owner's because the right of management is Separated from the right of ownership in a modem enterprise.
在信息不对称的情况下,公司所有权与经营权的分离使所有者与经营者之间存在着目标利益不一致的冲突。
In the case of unsymmetrical information, the separation of the ownership and the managing right of the company makes the objective benefit of the owner inconsistent with that of the executive.
它们——更严重的是它们的经营者——的奖励机制跟我们的经济与社会的需求很不一致。
They — and even more their executives — had incentives that were not well aligned with the needs of our economy and our society.
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