经济经纬
經濟經緯
경제경위
Economic Survey
2008年
6期
73~76
,共null页
财权 财权配置 财务控制权 契约不完全性
財權 財權配置 財務控製權 契約不完全性
재권 재권배치 재무공제권 계약불완전성
financial - right ; finaneial - right eonfiguration ; financial eontrol ; ineomplete eontract
财权与产权关系紧密，但两者应该属于两个不同的层次。财务治理权是从各财务主体在企业治理结构层次上，就财权分割过程中所形成的一种权力制衡关系而言的。而财务控制权是建立在契约不完全理论基础上的，但由于“剩余”的重要性、决策权的广义与狭义区分、权力实施流程等因素的影响，财务控制权有几个不同内涵。财权配置是以“贡献”与“风险承担”为基本原则，并在知识成本与代理成本共同约束下剩余索取权和控制权的集中与分散对称安排。
財權與產權關繫緊密，但兩者應該屬于兩箇不同的層次。財務治理權是從各財務主體在企業治理結構層次上，就財權分割過程中所形成的一種權力製衡關繫而言的。而財務控製權是建立在契約不完全理論基礎上的，但由于“剩餘”的重要性、決策權的廣義與狹義區分、權力實施流程等因素的影響，財務控製權有幾箇不同內涵。財權配置是以“貢獻”與“風險承擔”為基本原則，併在知識成本與代理成本共同約束下剩餘索取權和控製權的集中與分散對稱安排。
재권여산권관계긴밀，단량자응해속우량개불동적층차。재무치리권시종각재무주체재기업치리결구층차상，취재권분할과정중소형성적일충권력제형관계이언적。이재무공제권시건립재계약불완전이론기출상적，단유우“잉여”적중요성、결책권적엄의여협의구분、권력실시류정등인소적영향，재무공제권유궤개불동내함。재권배치시이“공헌”여“풍험승담”위기본원칙，병재지식성본여대리성본공동약속하잉여색취권화공제권적집중여분산대칭안배。
Financial - right and property right are closely related but they two should belong to two different levels. Finaneial governanee right is the right - balancing relationship between finaneing agents in the process of finaneial right segmentation from the level of corporate governanee. And financial eontrol is established on the basis of the incomplete eontraet theory, but financial eontrol has several different meanings because of the importanee of ＂residual＂, the distinetion between narrow and broad senses of deeision - making power, and the power implementation proeess etc. Financial - right eonfiguration follows the basic principles of＂ contribution＂ and ＂risk - taking＂ and is the centralized and decentralized symmetrical arrangement of residual claim and residual eontrol under the eo - restriction of knowledge cost and agency cost.
