摘要
基于GHM框架出发,建立了经理私人成本与企业创新投资契约模型,同时考虑一些外生变量,如经理风险厌恶程度、创新项目风险等对企业创新投资的影响。结论是:当创新投资对经理存在私人成本时,经理往往存在投资不足倾向。
Based on the framework of GHM, this paper establishes a model of manager investment decision in innovation. And it also takes into account a number of exogenous variables, such as the manager of the degree of risk aversion, innovative projects risk, to find the influence on the investment decision in innovation. Result shows that ： when the manager takes private costs in innovation investment, managers often tend to under - investment.
出处
《软科学》
CSSCI
北大核心
2009年第10期83-86,共4页
Soft Science
关键词
经理
私人成本
创新投资
激励
manager
private cost
innovation investment
stimulate
