With the analysis under the incomplete contract theory and principal-agent theory, there is no such an optimum governance structure for open-end fund either contract style or corporate style.
从不完全契约理论和委托代理框架的视角分析开放式基金治理结构，可以得出不存在最优的治理结构的结论。
Based on the character of open style power network, the least operation expense function of reactive compensation mode is constituted by restricted fund.
根据开式网络的特点，在资金有限的情况下，构造以年支出费用最小为目标函数的无功补偿优化模型。
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