工商管理教材新核心课程会计学.pptVIP

Slide 1-## corporate governance and accounting Accounting and Economics share some common basic assumptions : First level: scarcity of resources, complexity and uncertainty of environment, economic men with bounded rationality Second level: information incompleteness and asymmetry, opportunistic behavior tendency (different utility functions, externality of behavior), positive transaction cost Result: incomplete contracts The Nature of the Firm: Jensen Meckling(1976) the nexus of a set of contracts between owners of production factors, a legal fiction corporate governance