【作者】 刘峰；

【Author】 Feng Liu School of Business,Sun Yat-Sen University,Guangzhou, Guangdong,China 510275

【机构】 中山大学管理学院；

【摘要】 本文提出了一个有别于目前主流观点的企业理论:企业是一个自利经济人所组成的经济利益联合体。与主流企业理论关注企业整体的行为不同,本文是从组成企业的各个个体角度来讨论企业的性质。笔者认为,这种角度上的转换能够更好地解释当前企业失败、舞弊等现象,也能够为公司治理运动提供一个更合理的理论依据。更多还原

【Abstract】 The mainstream of the theories of the firm treats a firm as a representative agent, which cannot explain why corporate governance is needed and why so many executives have committed to fraud and bankrupted the firm while taking away enormous personal benefits.This paper proposes an explanation for the nature of the firm based on a coalition of self-interested individuals,who constitute the firm.Each individual behaves to maximize his/her own interest.This new explanation will likely explain why so many firms have committed to fraud,and why a firm needs governance.更多还原