基于公司治理的视角,从激励效益和激励成本的角度,建立关于企业外部市场结构变化和组合激励模式变化的模型。分析了不同市场环境下,企业倾向于形成的组合激励模式。结论的经济学意义是,企业选择何种组合激励模式,不完全取决于公司产权等内在因素,还必须充分考虑到市场竞争与垄断程度的影响。
According to corporate governance theories, a model for the changes between combined incentives and market environments was built based on incentive benefits and costs. The tendencies to enterprises' choosing their combined incentives under different market environments were analyzed. It is concluded from economics that the chosen combined incentives by cooperates depend on not only the inner factors dealt with the property right of companies but also the factors concerning the market environments and monopoly levels.