The Study Of Humanistic Financial Government

The traditional financial government theory,based on "'separation of proprietary rights from operation rights" just admitting the property rights of the owners of material capital, and the owners of human capital can only be the identity of operators or ordinary workers .Because the clients and the agents pursuing different interests,the clients,as the owners,hope to build an effective mechanism to stimulate and bound the operators as the agents,fmally to solve the agency problem through the financial government.This financial government,following a single "shareholders first" logic,will always be symptoms without curing the disease and can not be really effective.Therefore the problem of the financial government at home and abroad has been difficult to cure. In the context of the knowledge economy,pcople have realized that the enterprise was "a particular contracts containing human capital and non-human capital". As the human capital return to be in status of property, the theoretical and practical community pay more and more attention to the thought humanistic management.With the help of normative studying approach ,it is in line with the inevitable result of time for the author to bring forward the theory of the humanistic financial government,based on the establishment of human capital and guided by the theory of humanism and behavioral science, which conform to trends that the financial governance theory is developing from the phase of the new institutionalism to the humanism.After recognizing of the human capital property,the human capital and material capital combine and become the new unity of the two rights, because of the common interest of value-added, "principal - agent" relationship become the relationship of "principal - agent - take care of themselves", and the "agent problem "turned into a" self-care problem ", so the primary level of humanistic financial government is the self-government of the human capital owners, the second level is the government between the human capital owners,the last one is the government between the human capital owners and the material capital owners, humanistic financial government seems the self-government around by the other-government. Hereon, the main body and the object of the humanistic financial government would be raised,the humanistic financial government seems the self-government as the core supported by other-government based on the binary nature of property rights,and other basic areas of humanistic financial government.Financial government structure aims to achieve mutual checks and balances of powers, responsibilities and benefits among the stakeholders,to achieve reasonably uniform of efficiency and equity. The goal of humanistic financial government is to maximize the community value,so the arrangement of the powers responsibilities and benefits should rely on their effects in process of value creation . Based on behavior value theory, human resource is the sources of economic value, behaviors are the motivation of value and material resource is the production factor of the economic valuation,by which, I build a humanistic financial government structure to achieve the reasonable share of the value,responsibility and property between the owners of human capital and material capital. Financial governance mechanisms include: financial decision-making mechanism, financial incentives, as well as financial constraints and control mechanisms. Property rights is the center of the traditional financial government mechanism , in which only the owner of material capital can participate in financial decision-making, the operator only as an agent of the operator to participate in decision-making; incentive and monitoring is imposed by the owners of material capital.But in the humanistic financial government mechanism, the owners of human capital not only join the decision-making of the operator finance but also the owner finance;At the same time,the human capital owners make the self-motivation and self-restraint and control come true. Guiding by the behavioral science , we can build a more humanistic, more real and effective mechanism for financial government. In order to eventually achieve property-centric to the centrality of human rights, from the object-ism to the humanism, and from the rational nature of human to build a more effective humanistic financial government theory.