试论心理所有权和实物期权视角下的经理人行为选择——兼论非正式合约的激励作用
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外国经济与管理 2008 年 第 30 卷第 08 期, 页码：31 - 38
摘要
参考文献
摘要
不拥有所有权的经理人何以获得激励,是公司治理理论亟待解决的问题。本文针对以往理论解释的不足,借鉴进入权理论的思路、运用实物期权的全新理论框架来解析代理关系中的非正式合约问题,动态地阐述了经理人在不同阶段所关心的不同问题以及对其心理和行为的影响,最终认为非正式合约隐含的增长期权是理解经理人行为选择的关键。
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[6]Lane,P J,Albert ACannella,Jr,and Michael HLubatkin.Agency problems as antecedents to unrelated mergers and diversification:Amihud and Lev reconsidered[J].Strategic Management Journal,1998,19(6):555-578.
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[8]Rajan,R G,and Zingales,L.Power in a theory of the firm[J].Quarterly Journal of Economics,1998,113(2):387-432.
[9]Lee,K S,G H Li m,and WS Lin.Family business succession:Appropriation risk and choice of successor[J].Academy of Manage-ment Review,2003,28(4):657-666.
[10]Rousseau,D M,and Shperling,Z.Pieces of the action:Ownership and the changing employment relationship[J].Academy ofManagement Review,2003,28(4):553-570.
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[12]Fister,Todd,and Anju Seth.Whyinvest infirm-specific human capital?Areal options viewof employment contracts[J].Advancesin Strategic Management,2007,24:373-402.
[13]Chi,T,and Seth,A.Exploiting complementary capabilities:Adynamic model of the choice of invest ment mode[R].Working Pa-per,University of Kansas,2004.
[14]Bowman,E H,and D Hurry.Strategy through the option lens:An integrated view of resource invest ments and the incremental-choice process[J].Academy of Management Review,1993,18(4):760-782.
引用本文
朱沆, 杨学儒, 李新春. 试论心理所有权和实物期权视角下的经理人行为选择——兼论非正式合约的激励作用[J]. 外国经济与管理, 2008, 30(8): 31–38.
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