制度短缺与激励的失效——对国企改革中产生的“代理问题”所作的一种解释黄桂田张绍炎一、引论委托—代理理论的产生和发展被认作是近２０年来现代企业理论发展的最主要的标志之一。相当部分经济学家以此为基本理论框架，解析和解答分权式企业潜存的“代理问题”，认为“... Institutional Shortage and Incentive Failure - An Explanation to the “Agency Problem” in the Reform of State-owned Enterprises Huang Guitian, Zhang Shaoyan I. Introduction The emergence and development of the theory of commission-agency is considered as the development of modern business theory in the past 20 years One of the most important signs. A considerable number of economists use this as a basic theoretical framework to analyze and answer the “agency problem” of the decentralized enterprises, thinking that "...