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Abstract
A time,the ofState-owned asan
long managers enterprisesbeing
form
administrative—levelnot a interest an
cadres,did separate groups,independent
whichdoesnotexistfor to
advantage managersimproveenterpriseefficiency-oriented
mechanismforState-owned low
enterprise
managers’remuneration.Honorarywages
oftheState-owned witIlits state-owned
enterprisemanagers,commensuratebig
still too.commensurate、Ⅳiththeirstatusisnotthe ofthe
enterprisesoperating King
was of incomeWas revenue
Empiretoo,thepursuitgray inevitable;Its
performance
衍t}l an a
less constitutedunreasonableandstructureto of
relevant,but single,lack
incentivefor to effective
enterpriseoperatorspaidpursuelong—term system.These
thedrawbacksthetraditionalrewardincentivemechanismfor
problemshighlight
ofState—owned inChina.
managers enterprises
Reasonablesettlement ofincentive efficient
operators problems,establish
incentive thecurrentcritical is inthe
mechanism,in periodespeciallyimportant
reformofState·owned fromthe
enterprises.Thispaperstarting principal-agent
the andcurrentsituationofState-owned
history enterprise
problem,d
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