| In the 1990's, the US has experienced a nice period with a high economic growth rate, low inflation rate and low unemployment rate. Though influenced by the Asian Financial Crisis, the American economic growth rate still maintained high. Therefore, which was undoubtedly a miracle of the world economic development.The prosperity of "New Economy" in America was attributed to the prompt growth of one economic group, which mainly included information technology, and biology technology etc. So it attracted our attention toward to the high-technology corporations. High-technology corporations aredifferent from traditional ones in the term of technology, but have much more different corporate system compared to traditional ones.In practice, the governor structure in high-tech corporation has become the necessary factor to achieve excellent performance.Because it fits well with the technological character and operation process in high-tech corporations, and has showed a strong life force.Economists abroad have studied the governor structure in traditional companies to a full extent. The essential demand of corporate governance was to cope with the principle-agency problem properly which was incurred by the separation of ownership and management.There are two different key theories in the corporate governor study. One is called "shareholder center". In this theory, shareholders are the owners of the company. When corporations pursuit the maximum interest of their shareholders, they also make it possible to achieve the maximum of social efficiency. The other one is called "interest-related theory". This theory emphasizes that there are more than one who have interests related of corporations. Therefore, the objection of corporations is to satisfy the different demands from related interest-holders instead of pursuiting the maximum interest of its shareholders.From many countries' practices, both theories have their own advantages and disadvantages, based on which the writer thinks high-tech corporation mainly reflects the contract of human or non-human resource. The key of high-tech corporation governance structure is not only the proprietary right but the game of human and non-human resources, through which the corporation governance structure as the core of human resource will be formed.This thesis has the following six chapters:Chapter One: Introduction. This chapter introduces the purpose of this paper, the subject of study and the structure of this thesis. With the case ofMicrosoft, attention is paid to the important function of human resource in high-tech corporation: Human is the source of knowledge and innovation of technology, so high-tech corporation must focus on the intellectual innovation. A key point for small or middle high-tech corporation is to keep an elite group and the high-tech corporation governance structure should be centered on human resource.Chapter Two: The traditional corporation governance structure theory. Firstly, the corporation governance structure is defined as a set of arrangements that coordinate the relational of interest-connected members.Secondly, two theories are introduced: stockholder theory and interest connecter theory. In the former theory, the stockholder is the real owner of corporation and has the prominent right. So the key of governance structure lies in the guarantee of stockholder's interest and the return of investment. In the stockholder theory, however, the interests of stockholder and other interest-related members should be treated equally. So the study of corporation governance structure mainly includes the relationship of interest-related members besides stockholder and the arrangement among them. On the basis of the traditional proprietary right theory, the nature of corporation is considered as a set of contracts made by interest-related members. The behavior of corporation is the result of game in all interest-related members. Every one invests the special capital into corporation and all contribute to the "cor... |
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