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agency theory analysis according to

已有 837 次阅读2011-10-27 15:08 |个人分类:Louis Vuitton Outlet|系统分类:育儿| Louis, Vuitton, Outlet

clear a regulation, should say, should not avoid this problem.The author thinks that, can take on internal control of monetary fund unit duty of supervision and inspection, should be made clear is each unit has set up and is the internal audit department plays an important role and internal audit personnel.The reason is that: (a) "of the accounting law has granted the internal audit in accounting data of the provisions of the audit.(2) the audit law has enterprises and organizations shall, in accordance with the relevant regulations of the state, to establish and perfect the internal audit system regulation, "the audit commission on internal auditing" provisions of the internal audit institutions, more of the responsibility of the personnel, powers and the internal audit procedures of clear rules.(3) according to the currency standard "chapter 5 of the 24, the provisions of article 25, in the monetary fund business units daily processing of" the "internal audit, by their transcendental status, Louis Vuitton Outlet can fulfill the currency standard" listed the supervision and inspection of the cooperative.(4) realistically, each unit internal audit all after 10 years of experience, have sprung up a batch of can adhere to the principles, familiar with the rules and regulations, proficient in audit business internal audit team, they have good working order and practical work style, the author thinks that, compared with the internal accounting control standard-basic specifications (trial implementation), the provisions of article 27, the internal auditing department can bear this unit is good internal control of monetary fund inspection, evaluation, reports, proposals and some of the responsibilities of the disposal.A, use agency theory analysis according to agency theory, when the principal to the behavior of the agent has dependence, and get the agent of information to pay a high price, the agency relationship existed in moral risk.When enterprise there stock financing and debt financing, enterprise's investment Louis Vuitton Sale behavior can also cause moral risk.The creditor has a preferred claims against the income and the enterprise bankruptcy of the property at the priority right to claim, the enterprise value rises, the growth of the enterprise value to shareholders and creditors by share, and the creditors share fixed and priority of income.So, while companies face a net present value of the investment project, positive in the final risk of the shareholders, the shareholders as long as no gain and the risk of the corresponding compensation, it will refuse to equity capital into the net present value of investment projects in positive number.And as long as the enterprise exists not debt, will be the existence of the assets of the enterprise to improve risk degree to the creditor on business risk of the moral risk of the problem.When facing a financial crisis, enterprise on the motivation of this risk will be more intense.Because enterprise facing financial failure, shareholders for their own interests, not Louis Vuitton Handbags


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