母子公司治理中的非平衡性及其机制优化

摘要

The right of the parent company or the subsidiary company is big but the responsibihty is very small. Subsidiaries are lack of communication or have some irrational competition. The sources of non - equilibrium in the parent- subsidiary companies＇govemance are： the parent company＇s authority boundary is unknown; the subsidiary company＇s governance has not been established; the incentive and restraint mechanism of agents are imperfect; the information mechanism of the parent -subsidiary companies is deficient; the corporate culture is absent. Only by means of establishing the balance mechanism of responsibility, powers and interest, optimizing authority allocation mechanism, improving the incentive and restraint mechanism, establishing a group coordination mechanism, establishing a unified culture, and the other optimization mechanism, can play the group company＇s overall effect.%母公司权利很大却责任很小,子公司权利很大却责任很小,子公司之间缺乏沟通或存在不合理的竞争。母子公司治理中非平衡性产生的根源是：母公司的权力边界不明,尚未建立起合理的子公司治理结构,代理人的激励与约束机制尚不健全,母子公司的信息机制尚不完善,集团文化缺失。通过建立责权利平衡机制,优化权力配置机制,完善激励和约束机制,建立集团协调机制,建立集团统一文化等手段来优化机制,才能发挥集团公司的整体作用。