基于企业剩余的财务控制权最优安排研究

财务控制权是公司治理结构的重要内容，通过财务控制权的最优安排，应该达到既能最大限度地激励经理人员的积极性，又能防止出现经理人员侵蚀股东利益的现象。本文通过构建一个企业剩余的模型，并对该模型求解，得出企业最优财务控制权分配比例的表达式，并在此基础上分析了影响企业财务控制权分配的各因素及其影响作用和程度。

Research on Optimum Arrangements of Financial Controlling Rights based on Enterprise Surplus

The financial controlling rights are an important part of corporate governance. Through the optimum arrangements of financial controlling rights, not only managers will do their best in their work, but also shareholders can protect their capital from eroding by managers. This paper builds up a model about enterprise surplus. Through the analysis of this model, we get the optimum arrangements of financial controlling rights. The writer also analyzes some factors that can influence the optimum arrangements and the degrees of the influence.