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Title: |
Analysis of Economic Utility in Stakeholders Sharing Financial Rights |
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Source: |
International Conference on Engineering and Business Management 2012(Part 1 Enterprise Operation and Management（1）)
(pp 240-243)
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Author(s): |
Hong Shan, Hunan Technical College of Railway High-Speed, Hengyang, China, 421001 |
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Abstract: |
Financial rights allocation is the core content of corporate control and finance governance. Appropriate arrangement of the financial rights can inhibit the moral hazard of enterprise insiders, optimize the corporate governance structure. This paper analyze the costs and earnings as a result of resource provided by stakeholders, then construct economic utility function , state that the relationship among stakeholders is interdependent dynamic gambling competition, enterprise should allocate financial rights layer by layer according to the shareholder-oriented and all stakeholders shared model.
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