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THE SToCKoPTIoNASAN
STUDYoN
INCENTIVEPLANIN
INCHINA
INDUSTRY
ABSTRACT
Theownershipandthe ofthemodembusiness
managementpowers
mutuall me contr01 and
enterpriseseparate v’makingsurplus power
obtain nottomatcheach me
surplusespower other’soowners(the
haveto theable
ofthebusiness authorize
shareholders) enterprise
todobusinessonbehalfofthem.Becausethe
managersftheagentsl
humanresOurcesamOreandmore rOlemthebuSlneSS
plaVs mlpOrtant
also
itactsasoneofthemost f.actors,
enterp“se, keyproduction
theallotmentofthe
requestingto口artici口ate pr06ts.
Aswe the ofa human hasthe
kno、Ⅳ’ competence being
characteristicfhaCitcouldn’tbetaken its itis
away行omproprietor,so
thattheowners ofthebusiness to
necessarv nheshareh01dersl enterprise
human
set anmcemⅣe t0makethe Otthe
up sVstem prOpnetOr
resources f.ortheshareh01dersofthe and
todotheirbest ente门)rise
themselves.
Inthat ownersofthe can
agencvcircumstance,theenterpriseonly
seetheresul
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