The contract nature of the firm proves to be consistence with stakeholders theory. The stakeholders bargain for the ownership of the firm, and the outcome of the bargaining determines the governance of the firm. 企业的契约性与利益相关者理论具有一致性,利益相关者对企业的所有权分配进行谈判,谈判的结果决定了企业的治理结构,企业治理结构是内生的,需要随着时代的发展而发展。
The human capital affects the optimal contractual structure of the firm in the following three aspects: the allocation of the decision power, the accumulation of the common knowledge and the increasing bargain power of itself. 本文认为人力资本对企业最优契约结构的影响主要通过以下三个方面发挥作用:企业控制决策权的分配、人力资本共同知识的积累以及人力资本谈判力的提升。
These differences lead to the conclusion that the firm theory based on the bargain theory cannot be well used in the development of IT enterprises and the IT industry. 由于这些差异,导致了以契约理论为基础的企业理论不完全适应信息技术企业和产业的发展。