... SOF State Ownership Fund 国家所有权基金 SE shareholders' equity 股东产权 TTY teletypewriter 电报打字员 ...
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机构股东产权契约对公司治理具有重要影响。
Thus the property rights contract of institutional shareholder is of great importance to the corporate governance.
因而，以股东产权的权力组织为企业最高权力机构是制度性缺陷。
As a result, that meeting of stockholder is the highest right organ forms a defect of company system.
机构股东的产权契约具有节约交易费用的代理优势，但代理链过长会增加交易费用。
The property right contract of institutional shareholder enjoys the advantage of the agency of trade expenses, yet the long chain of agency will increase the cost in the trade.
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