现代企业的重要标志是所有权和经营权相分离,由此产生了委托代理关系。其代理关系一方面表现为资源的提供者(股东、债权人)与资源的使用者(管理当局,即代理人)之间以资源的筹集和运用为核心的代理关系;另一方面也表现为公司内部高层经理与中层经理、中层经理与基层经理、经理与雇员之间以财产经营管理责任为核心的代理关系。代理关系的本质体现为各方经济利益关系即财务关系,由于委托人和代理人均是理性经济人,各自目标不一致,且信息的不对称性,往往代理人拥有比委托人更多的信息,他们利用私有信息从 An important symbol of modern enterprises is the separation of ownership and management, resulting in a principal-agent relationship. On the one hand, the agency relationship is manifested as the proxy relationship between the resource providers (shareholders and creditors) and the resource users (management authorities, that is, agents), with the core of resource mobilization and application; on the other hand, Internal senior managers and middle managers, middle managers and grass-roots managers, managers and employees with the responsibility of property management as the core agency relationship. The essence of the agency relationship is the financial relationship between the parties, ie, the financial relationship. Since the principal and the agent are both rational economic agents, and their respective objectives are inconsistent, and the information asymmetry, the agent often has more information than the principal, and they Use private information from