| It's the core subject that the construction of business manager's motivation and restrain in modern company theory research. It mainly studies the design of the individual- interested manager's motivation and restrain, the effective arrangement in modern business institution which the proprietary right and the management right are separated. It's of great value to motive managers' enthusiasm and initiative, improve the results of the state-owned enterprises, promote the continuous growth. On the basis of human capital theory, this paper discusses the absence of human capital in state-owned enterprises in our country. It's believed that managers should be allowed to share the residual claim and control power, It's called annual salary. According to the actualities in our country, this paper not only studies the inward and outward environment when carrying out annual salary in state-owned enterprises, but also emphasizes on other aspects, such as the subject, the governing principle, the mortgage system. Finally, a empirical study on the effectiveness of carrying out annual salary is did. |
