摘要
项目投资中,投资人与项目公司之间存在着“委托-代理”关系。由于两者之间的信息非对称,导致了项目投资中道德风险的存在。借助信息经济学中的“委托-代理理论”建立了项目公司道德风险模型,定量的分析了如何通过设立约束机制使投资人实现利益最大化,得出了有利于提高投资人项目管理水平的分析结论。
During project investment,there is a＂principal-agent＂ relation between investor and company. Between the two parties, there exists moral risk under asyrmnetric information. This paper builds a＂moral risk modal＂ between investor and company during the project investment by applying＂principal - agent theory＂ in the information economics theory. On the basis of quantitative analysis of the model, this paper draws some condusions, which is benefitial to the enhancement of the level of project management.
出处
《基建优化》
2006年第3期28-30,共3页
Optimization of Capital Construction
