Construction of Corporate Governance Mechanisms Based on Coordinated Management

Abstract:

Nowadays, the domestic corporate governance mechanisms are not matching their structure, which seriously restricts the increase of enterprise efficiency. This paper, in the view of coordinated management ,analyzed the interrelationship between coordinated management and corporate governance. By constructing the optimal utility model of the behavior choice of enterprise operator, this issue showed that corporations should build reasonable supervision &incentive mechanisms to regulate operators’ actions, in order to enhance enterprise efficiency and realize the coordinated management .According to the analysis on the equilibrium solution of the model, this paper constructed the corporate governance mechanisms based on coordinated management.

• Periodical: Advanced Materials Research (Volumes 450-451)
• Pages: 1236-1244
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.450-451.1236
• Online since: January 2012
• Authors: Feng Guo, Hui Liu
• Keywords: Behavior Choice, Coordinated Management, Corporate Governance Mechanisms, Enterprise Administrator, Enterprise Operator

References

[1] Shen Yue. Anisomerous corporate governance structure and mechanism--and discuss on our country's corporate governance innovation [J]. Beijing normal university, 2005, (3): 109 113.

[2] Coordinated management research in drainage area management system [D]. Changsha: central south university, 2009.

[3] (US) Alan Smith DE. System and behavioral economics [M]. Beijing: people university of China press. 2004: 79.

[4] Guo Feng. Coordinated management of construction projects [M]. Beijing: science press, (2009)

[5] Wang Guo Shun. Technology, system and enterprise efficiency —theory research of enterprise efficiency foundation [M]. China's economic publishing house, (2005)

[6] Guo Feng, Hu Yan Jun. Behavior choice analysis of construction agent based on principal-agent Theory [J]. Statistics and decision-making, 2010, (10):54-56.

[7] Deng Xi, Liu Xing. Principal-agent analysis under government investment acting building system [J]. Journal of Wuhan university of technology, 2007, 29 (4): 148-151.

[8] Wei Si Ming. Enterprise operator motivation mechanism study [J]. Statistics and consultation, 2009 (1) 58.

[9] Hu Gui Qing. Discuses the establishment of effective incentive and restraint mechanisms for enterprise operator in our country [J].journal of Inner Mongolia statistics, 2009 (3): 27-29.

[10] Cheng Cheng Ping. Spiritual encouragement mechanism for entrepreneurial [J]. Science management research, 2002 (20), 24-26.

[11] Jiang Chao. Establish state-owned enterprise supervision and restraint system according with modern enterprise system [J]. Theoretical frontiers, 2003 (11):37-38

[12] Wang Zhi Fang, Liu Xuan. Constraint mechanism study for the operators of listed company [J]. Commercial research.2003 (3): 104-106.