【摘要】 企业剩余索取权安排理论可分为传统安排理论和现代产权基础安排理论,现代产权基础安排理论主要有:交易费用论、激励论、控制权和剩余索取权对称论、风险承担论、重要资源拥有论、状态依存论。如果对现代产权基础安排理论作进一步分析,可以发现真正决定企业剩余索取权安排的实际上只有三个因素,分别是控制权、资产专用性和重要(关键)性资源,通过分析还可以发现其中存在三个悖论,即资产专用性与控制权两种解释的悖论、控制权解释理论与实际情形悖论以及资产专用性解释理论与实际情形悖论。针对这些问题,提出资产稀缺性是企业剩余索取权安排的依据的论断,在这一论断框架下解释三个悖论产生原因,同时从企业资产稀缺性程度不对称出发,对企业利益相关者——经营者、股东、债权人、工人等契约各方剩余索取权安排作一般解释。更多还原

【Abstract】 Theories about enterprise arrangements of claim to residue can be divided into traditional arrangement theories and modern property-right-based theories, the latter of which includes transactional cost, incentives, symmetry about control and claim to residue, risking, important resources and state contingency. It is discovered that such three elements as control, asset specificity and important resources decide arrangement of claim to residue and three conflicts exist between assets specificity and control, control and facts, and assets specificity and facts. So I think assets scarcity is a factor that decides arrangement of claim to residue, and basing on this understanding, I analyze reasons for the three conflicts and make a general explanation to the arrangement of claim to residue about enterpriser, stockholder, creditor and workers.更多还原