现代企业制度的内涵与国有企业改革方向3

3,,3()()(),,,,,,,,,(,1993,173),,,,,,,,,,,,,,,,,,,,,(,1995),,,319973,,:(1);(2);(3);(4),,,,--,,,,(Stigleretal.,1983),,,,,,,,,,,,,,;;,-,,,,,,,,,,,,,,,,,4,(,1993),,,(,1994),,,,,(,1994),,,,30,,,,(Stigleretal.,1983),,-,,,-,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,-:,?5,(sufficientstatistic),,,,,,,,,;,()(Nguyenetal.,1989,Vol.11.p.42),??,?(Miller,1995),,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,680,,,,,,,(,1995),,,,,,,,,,,,,,,:?,,,-,,(,1995),(--),(-),(Yarrow,1989,p52-69),,-,,---,,,,,--,--,,,,,,,,-,-7,,,,,(),,,(Nagao2kaandAtiyas,1990),,,,,,,,,,,,,,(exit),,,,,(voice)(Hirschman,1970,p.4),,,,,,,,,,,,,,,,,,,,,,,,,,,,,,8,,,,,,,,,,,,,,,,,:,,,-,,,,,,,,,,,,,,,,,,,,-,,,,,,,,,,,,,,,,,,,,,,9,,,FamaandMiller,1972:,1993::,,1995::,,1994::,,1994:,19941117,1995:,3,1995:-,Stigler,G.J.andC.Friedland,TheLiteratureofEconomics:theCaseofBerleandMeans,JournalofLawandEconomics,Vol.XXVI,June1983.Nguyen,H.T.andG.S.Rogers,FundamentalsofMathematicalStatistics,NewYork:Springer2Verlag,1989,Vol.11.Miller,M.,AlternativeStrategiesforCorporateGovernance,aKeynoteAddressfortheConferenceonReformabilityoftheStateSectorinChina,Shanghai,China,July19,1995.Yarrow,G.,DoesOwnershipMatter?Valjanovski,C.(ed.),PrivatisationandCompetition:AMarketProspectus,HobartPaperbackSeries,No.28,London:IEA,1989.Nagaoka,S.andI.Atiyas,TighteningtheSoftBudgetConstraintinReformingSocialistEconomies,WorldBankIndustryandEnerrgyDepartmentWorkingPaper,IndustrySeriesPaperNo.35,May1990.Hirschman,A.,Exit,VoiceandLoyaltyResponsestoDeclineinFirms,Organisations,andStates,Cambridge,Mas2sachusetts:HarvardUniversityPress,1970.Fama,E.F.andM.Miller,TheTheoryofFinance,Hinsdale,III.:DrydenPress,1972(:)(:)1996,,,1997125():70,,,,,,,,()01