报酬的

This dissertation introduces the specificity and exclusiveness of human capital in Tirole's model to prove the contingence state of the control rights in venture capital excels the one-side control of the enterpriser and the venture capitalist.

根据这一原则，事前信息越重要且不对称程度越大，则人力资本间接定价中越注重甄别，相应报酬绩效敏感性越低；代理人的努力越重要且事后信息不对称程度越大，则人力资本间接定价中激励越重要，因而报酬绩效敏感性越高。

The power structure of the labour exchange between the staff and the state-owned enterprises is excessively slang to and government, the so is the assignation pattern of the benefit of the labour exchange, the staff have small account in the assignation pattern of benefit.

企业在职工收入分配上并没有真正贯彻落实按劳分配原则，职工从企业的经济报酬实际上是企业在利益分配中按职位等级分配给职工的一种福利性的利益份额，其中连工资也具有福利分配的属性，职工的劳动投入与经济报酬之间没有形成合理对应的交换关系，使劳动与报酬处于相对分离的状态。

The problem of increasing returns and market structure in neoclassic economics is perplexed, which is avoided in the traditional trade theory.

在新古典主流经济学中，报酬递增和市场结构难题一直困扰着人们，理论上一直很难找到报酬递增与不完全竞争市场相容的分析方法。

We find that,(1) the regional market development influences CG——better institutional environment can improve CG and decrease the agency costs.(2) However, there is no influence for perquisite consumption, the reason for which is the existence of compensation regulation in our stated-owned corporate. The perquisite consumption remedies the low monetary reward and undertakes the recessive motivating effect. This is in accord with Li, Sun and Liu (2005) in which the managers' compensation contracts conform to the superior contracting theory.

经过实证检验我们发现：1、上市公司所处地区的市场化程度较高，那么公司的代理成本相对较低，从而证明了地区的市场化程度确实影响公司的治理结构，好的法律制度环境有利于上市公司治理结构的完善，降低公司的代理成本。2、地区市场化程度的高低对于上市公司经理人的在职消费没有显著的影响，这是因为我国国有企业薪酬管制的存在，在职消费作为低货币性报酬的补偿，承担着隐性激励的作用，这与李增泉、孙铮和刘凤委（working paper，2005）关于我国上市公司经理人的薪酬契约符合最优契约论的研究结论保持一致。

At Berkshire, wanting our fees to be meaningless to our directors, we pay them only a pittance. Additionally, not wanting to insulate our directors from any corporate disaster we might have, we don't provide them with officers' and directors' liability insurance (an unorthodoxy that, not so incidentally, has saved our shareholders many millions of dollars over the years). Basically, we want the behavior of our directors to be driven by the effect their decisions will have on their family'snet worth, not by their compensation. That's the equation for Charlie and me as managers, and we think it's the right one for Berkshire directors as well.

在伯克希尔，为了避免董事报酬占其个人收入的比例太高，我们仅象征性地支付一点报酬，此外为了不让董事们规避公司发生重大经营意外的风险，我们也不提供董事经理人责任保险(虽然这在一般公司并非常态，但每年却也为公司节省了好几百万美元的保险费用)，基本上，我们希望董事们的行为想法跟在处理自家财务一般小心谨慎，而不只是着眼于董事报酬，这跟查理与我本人在身为伯克希尔经营者的心态一致，我们这样的做法同样也适用于伯克希尔的董事们。

By conducting a questionnaire survey in China, this paper probes into the compensable factors of high degrees of approval and classifies the structure of these factors by SPSS to guide job evalution.

通过问卷调查，可了解人们心目中认可度较高的报酬要素；用统计分析的方法可对报酬要素的结构进行分类，以筛选有效的报酬要素，指导岗位评价的实践。

A compensable factor is crucial in determining degrees of approval of job evaluation as it reflects the contents and dimensions of job evaluation.

通过问卷调查，可了解人们心目中认可度较高的报酬要素；用统计分析的方法可对报酬要素的结构进行分类，以筛选有效的报酬要素，指导岗位评价的实践。

Ex gratia payments in kind, supplementary to normal wage rates, are also excluded.

优惠性实物报酬、正常工资率以外的补充报酬也都不包括在内。

Pass questionnaire to investigate, the method that degree of taller pay element; approbates to be analysed with statistic in can understanding people memory can undertake classified to the structure of pay element, in order to choose significant pay essential factor, the practice that directive post evaluates.

通过问卷调查，可了解人们心目中认可度较高的报酬要素；用统计分析的方法可对报酬要素的结构进行分类，以筛选有效的报酬要素，指导岗位评价的实践。

As for the study of the cause of company administration, the author points out the spring-up of the institution investors, the enhanced sense of participation among the stockholders, the unprecedented large-scale company frauds and bankruptcies, the dissatisfaction of the stockholders and society as a whole caused by the big income rise of the managerial staffs, the problem of "being controlled by the inner-circle" propped up in the economic shift-over and the losses suffered by those with interests connected to company annexations as economic internationalization and liberalization develops. It is the abovementioned phenomena that give rise to the study of company administration theory.

在公司治理的起因研究中，指出机构投资者的兴起、股东参与意识的提高、前所未有的大规模的公司欺诈和公司倒闭案件的增多、经理人员的报酬的大幅上升引起了股东和社会的不满、转型经济国家出现了严重的&内部人控制&问题、随着经济全球化和经济自由化的发展兼并收购对利益相关者的损害，以上诸多方面引起对公司治理理论的研究。

Plunder melds and run with this jewel!

掠夺melds和运行与此宝石！

My dream is to be a crazy growing tree and extend at the edge between the city and the forest.

此刻，也许正是在通往天国的路上，我体验着这白色的晕旋。