Proceedings of the 2018 International Conference on Sports, Arts, Education and Management Engineering (SAEME 2018)

A Supervision Model for Senior Managers of Public State-Owned Enterprises

Authors
Yuqiao Li, Yiwen Yin, Yanan Wang
Corresponding Author
Yuqiao Li
Available Online June 2018.
DOI
https://doi.org/10.2991/saeme-18.2018.60How to use a DOI?
Keywords
State-owned enterprises, Principal-agent theory, Supervision and constraint, Multitask model.
Abstract

Under the modern enterprise system, the owner and the manager of a company are different people, which leads to the problems such as inconsistent goals and asymmetric information between the two, further resulting in principal-agent issues. In state-owned enterprises, in particular, the principal-agent problem is more serious due to the absence of not only their owners but also the monitors. By establishing the principal-agent model, we discuss the supervision and constraint issue of state-owned enterprises in carrying out social tasks. We first set up an optimal supervision model for the principals. Then, we discuss the influence of information symmetry on supervision, propose an incentive-supervision equilibrium model, and substitute incentive with supervision. Finally, in view of the observability of the task, we draw lessons from the incentive-supervision mode on the products and services of non-profit sectors in western countries, and put forward effective suggestions for evaluating and monitoring public SOE.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2018 International Conference on Sports, Arts, Education and Management Engineering (SAEME 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
June 2018
ISBN
978-94-6252-539-9
ISSN
2352-5398
DOI
https://doi.org/10.2991/saeme-18.2018.60How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Yuqiao Li
AU  - Yiwen Yin
AU  - Yanan Wang
PY  - 2018/06
DA  - 2018/06
TI  - A Supervision Model for Senior Managers of Public State-Owned Enterprises
BT  - Proceedings of the 2018 International Conference on Sports, Arts, Education and Management Engineering (SAEME 2018)
PB  - Atlantis Press
SP  - 314
EP  - 320
SN  - 2352-5398
UR  - https://doi.org/10.2991/saeme-18.2018.60
DO  - https://doi.org/10.2991/saeme-18.2018.60
ID  - Li2018/06
ER  -