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ID:49835753
大小:4.11 MB
页数:56页
时间:2020-03-05
《管理者持股、制度环境与民营企业风险承担研究.pdf》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、ABSTRACTWiththedevelopmentoftheeconomictransformationinChina,privateenterpriseshavebecomeanimportantpartofChina'seconomicdevelopmentButalargenumberofsmallandmedium-sizedprivateenterprisesstillfacetheproblemthattheycan'tsurvivelonger.Privateenterprises
2、playanimportantroleinsolvingtheCTiploymentinourcountry,andcreatingthegrossdomesticproduct(GDP).Theauthorthinksthatthedevelopmentoftheprivateenterprisesneednotonlytheirowninternalgovernance,atthesametimealsoneedgoodproperexternalsystemenvironment.Somes
3、cholarshavestudiedtherelationshipbetweenenterprisegovernanceandenterpriseperformance,andgoodgovernancecanimprovetheperformanceofenterprises.Theyshouldbegoodatoptimizingenterpriseinternalmanagementandintegrationofexternalresourcestodevelopinthefierceco
4、mpetitionenvironment.Nowadays,thegovernment'scontrolanddispositionofeconomicresourcestoacertainextentcanharmthefreedevelopmentofprivateenterprises,andinstitutionaldiscriminationanddesignflawsmakelawsandregulationsontheprotectionoftheprivateenterprisei
5、snotinplace.Enterpriserisk-takingbehaviorisahigh-riskbehavior,anditplaysanimportantroleforenterprisesurvivalanddevelopment.Itisoneofthemostbasicelementsofthelong-termeconomicgrowthinthepursuitofprofitopportunities.Somestudiessuggestthathigherrisk-taki
6、ngbehaviormeansthattheenterprisecanchoosehighriskprojectandthenetpresentvaluegreaterthanzero.Thisrequiresenterpriseneedshighinvestment,theintroductionofnewtechnologyandtalent.Therearemanyfactorsthatcaninfluenceenterpriserisk-takingbehavior*Learningfro
7、mpriorstudyofmanyscholars,thisarticlepointsthatthemanagementsystemofownershipandenvironmentaretwomajorfactorstostudyitsrelationshipwiththeriskexposure.Accordingtothecontentoftheprincipal-agenttheory,enterprisemanagersandtheinterestsoftheownerhaveaconf
8、lictthattheultimategoaloftheownersinanenterpriseistheenterprisebenefitmaximization,interests.Sofacingofthehigh-riskinvestmentprojects,,interventiontotheenterprise.Privateenterpriseisfreetorun,andbusinessenterpriseriskexposurelevels.Third,thema
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