股权契约

同时也论证了股权契约冲突追随契约结构而具有状态依存性。

Simultaneously , the paper also proves the equity contract conflict model is state contingent following the contract structure .

本文以契约理论的基本理念及其制度为背景，从财务契约的一般原理出发，分析了几种较为典型的财务契约，即股权契约，债权契约和报酬契约。

In this paper , the basic concept of contract theory and the system as background , from the general principle of the financial contract , the paper analyze several typical financial contracts , namely , equity contracts , credit contracts and compensation contracts .

第四部分分析我国目前最优股权激励契约设计的基本原则。

The last is a research on how to design the best share incentive contract .

债务融资是降低股权融资契约代理成本的有效方式。

Financing by debt is a useful way to reduce the contract agent cost of financing by share .

西方股权激励契约结构研究综述&兼论对中国上市公司股权激励制度的启示

A Literature Review on Structure and Effects of Western Equity Incentive Contracts : Together with Discussion on Implication for Chinese Listed Companies

股权激励契约效率受到经理人不可控因素的影响，从而出现激励扭曲现象。

The efficiency of option incentive contract is affected by system risk which is uncontrolled by manager so as to lead to the distortion of incentive .

第四章基于中国特殊的制度背景以及上市公司的实施现状，本文主要从股权激励契约结构与经营绩效的相关性进行实证分析。

Chapter IV based on the special background of China and status of implementation of listed companies , this paper mainly analysis the correlation of equity incentive contract structure and Performance .

笔者认为，关联企业是指相互之间存在股权、契约或其他控制关系或具有施加重大影响的能力，或被同一企业所控制，具有独立法律地位的企业联合形态。

In my view , affiliated enterprise refers to a state of legally independent enterprise that united together through share-holding , contracts , or other controlling or great affect relations , or controlled by the same enterprise .

债务融资常常被看作是缓解股权融资契约中利益冲突的有效手段，然而，债权融资契约本身又会引发股东和债权人之间的利益冲突，需要进行有效治理。

It is regarded that financing through debt issuance is an effective means to mitigate the conflicts of interests in equity financing . However , the debt financing contract itself may cause conflicts of interests between the shareholder and creditor .

经理层过度投资与股权激励的契约模型研究

Manager 's Over-Investment and Stock Incentives : A Contract Model

产业区的治理模式由原先基于信任的自组织治理模式向基于股权、长期契约的准层级制治理模式转型。

The governance of the industrial district has transformed from " self-organizing " mode based on trust to " quasi-hierarchical " mode based on ownership linkages and long-term contracts .

因而，汽车金融服务机构战略联盟目前在我国有较大的发展空间，主要有股权式与契约式两种模式选择。

So strategic alliance of auto financial service institutions has a big space for development in China . There are two modes for selection : shares mode and contract mode .

这意味着在股权激励作为契约动机不可避免诱发盈余管理的情况下，应通过延长整个激励方案的持续时间抑制盈余管理。

This means that the equity incentive motivation inevitably induce earnings management as a contract , should by extending the duration of the incentives to curb earnings management as a whole .

在私募股权投资信托契约中，投资者和信托公司是两个最为重要的当事人，私募股权投资信托实践中对投资者和信托公司的资格都有较高的要求。

The investors and trust company are two important contracting parties in the private equity investment trust contract , and their high qualifications are required for the practice of private equity investment trust .

公司作为所有权资本的结合体，是由一系列股权资本按契约形式组合而成的，其最本质关系为股权结构关系。

The company is the combo of the proprietorship capital and is composed of a series of ownership capital according to the contractual form ; its most essential relation is the relationship of the ownership structure .

对私募股权投资信托契约的订立程式进行研究有助于从法理上分析订立的各个步骤，从一般的商事活动中抽象出法律规律，填补私募股权投资信托契约的研究空白。

A study on the concluding procedure of private equity investment trust contract aids to analyze each signing step from the viewpoint of legal theory , abstract the legal rule from the general commercial actions , and fill a gap in studying the private equity investment trust contract .

治理结构的确定要根据创新任务需要和实际情况允许，在股权式联盟与契约式联盟之间选择。

Select governance structure between shares mode and contract mode according to the actual situation and task .

优先认股权的设置是契约自由原则、维护股东身份和正常经济秩序的必然要求。

The establishment of the shareholders ' pre-emptive rights is an inevitable condition for the freedom of contracting , the maintenance of shareholders ' identification and normal economic order .

本文将战略联盟理论运用在我国银行业股权战略联盟的实践中，在区分股权式联盟和契约式联盟的基础上，界定了股权战略联盟的概念。

This article applies the theory of strategic alliance to the equity strategy alliance in our banking industry . Base on the difference of the equity alliance and the non-equity alliance , the definition of the equity strategy alliance has been described .