资产专用性理论分析

资产专用性概念引入对交易行为的分析是有用的 ,但资产专用性理论的逻辑是有问题的。如果坚持以企业契约的不完全性为逻辑前提 ,以企业所有权安排为逻辑结果 ,那就会否定资产专用性这一逻辑的核心变量 ;如果坚持资产专用性这一核心变量 ,并由此推出风险控制权而不是企业所有权安排的逻辑 ,就会否定企业契约的不完全性这一逻辑前提。

A theoretical Analysis on Assets Specificity

The concept of assets specificity is useful in analyzing the action of trade, whilst the theory on it has its logistic weak points. Preconditioned by the imperfect of enterprises' contract, a result of enterprises' ownership arrangement will be found and then the key variable----assets specificity would lose its importance; and if the assets specificity withheld, risk control but not enterprises' ownership would be derived, then denying the precondition of imperfect enterprises' contract.