The Evolutionary Theory of Corporate Governance and Bankruptcy一个考虑是管理者劳动力市场（managerial labor market）。
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By using the principal-agent model, this study draws a quantitative analytical conclusion of incentive cost saving through the implicit incentive system of the managerial labor market.
运用委托代理模型，给出了经理人市场隐性激励机制对节约企业激励成本的定量分析结论。
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