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1、ABSTRACTAsexecutivesheldimportantpositionsinthemanagementofthecompany,theyareresponsibleforthecompany'smanagement,masterimportantcompanyinformation.Executives'behaviordirectlyafectsthecompany'sperformanceandvaluecreationissues.Acompany'sorderlydevelopmentl
2、iesinprofessionalandeficientcompany'sexecutiveteam.Withthecontinuousexpansionofbusinessscaleandincreasingcomplexityofoperations,executivessolvedthemanagementaspectsoftheproblembecauseoftheirspecializedfeatures.Buttheseparationofownershipandmanagementhasbro
3、ughttheagencyproblem.Formally,themanagementagencyproblemsincludeexcessiveperks,corporateblindexpansion,etc.(TianLihui,2005).Perkshasplayedacertaineconomicfunctionsinthecompany'sbusinessactivities,suchasimprovingemployeeproductivity,enhancingthestatusofcomp
4、aniesandexecutives,winningmorecustomers,etc.However,excessiveperksbecomepartofthehighagencycosts.Executives,whodonotonlyunderstandtheinternalinstitutionofthebusinessbutalsohavecontrolpower,couldacquiremoreprofitsbytakingadvantageoftheleakoftheinstitutions.
5、Fromthepointofviewofinformationdisclosureoflistedcompanies,lessthanhalfofthelistedcompaniesselecttodisclosetheirperks,andtheydidnotdisclosethecontentswithacertainstandard.Andthequalityofthedisclosureisnotideal.Theconcealmentofperksprovidedembezzlementnatur
6、alumbrellaforthemanagementoftheuseofperksinterests.Highagencycostsunderminethecompetitivenessofthecompanyandharmtheinterestsofinvestors.Inaddition,excessiveperksalsorelatedwithsocialjusticeissuesandcorruption.Theresearchisimportantforachievingequitableinco
7、medistribution.Mostofthepreviousstudiesfocusedonrelyinglawandinstitutiontogovernperks,buttheconsequenceisnotdesirable,especiallyinthetransitioneconomyinwhichtherearesomeleaksinthelawandinstitution.Basedonexistingresearch,thisthesiswillbroadentheperspective
8、ofoutsidelegalgovernancemechanismstostudytheimpactofmediasupervisionofperksandthepathways.Firstly,thisthesisanalyzedthelogicalrelationshipsamongmediamonitoring,administrativeinterventionandperksbasedontheprev
