企业所有权谈判力的影响因素分析

企业是各要素所有者的合约联结。在特定的制度和文化背景条件下,企业的所有权结构是各要素所有者动态博弈的纳什均衡。在博弈过程中,面对不同的技术条件和市场环境,各要素所有者的谈判力是以下六种因素综合作用的结果:对企业总产出的相对贡献、对企业经营风险的财务抵押能力、资源的稀缺性(或可替代性)、资源使用的可监督性、资源的专用性(或可塑性)以及对谈判破裂的担心程度等。有时是一至两个影响因素取决定性作用,有时则是各种因素综合起作用。

The Factors on the Negotiating Power of the Enterprise Ownership

The enterprise is a contract nexus of all factor owners.Under certain circumstances of institution and culture,the structure of the enterprise ownership is the Nash equilibrium of a dynamic game of all factor owners.In the game,because of the different technical condition and market environment,the negotiating power of each factor owner is an integration of the following factors: the relative contribution to the enterprise output,the ability of financial hostage of the enterprise operational risk,the resource scarcity or substitutability,the supervision on the resource usage,the resource specificity and the degree of worrying the failure of negotiation.Sometimes one or two of them,sometimes all of them are decisive.