%0 Journal Article
%T Management compensation incentive and restraint mechanism on the equity open-end funds<br>股票型开放式基金管理报酬激励约束机制
%A YIN Jie
%A CHEN Shou
%A ZOU Zi-ran
%A <br>尹洁
%A 陈收
%A 邹自然
%J 系统工程理论与实践
%D 2011
%I 
%X To analyze the fund management compensation incentive and restraint mechanism,it empirically examed the relationship between the equity open-end fund management compensation and performance based on the static panel data model.The results show that fund management compensation incentive and restraint mechanism in China is not working effectively.So it made some improvements to existing contract using the principal-agent theory.It introduced excess return which reflects managers' effort level to measure fund...
%K incentive and restraint mechanism
%K fund managers
%K equity open-end funds<br>激励约束机制
%K 基金管理者
%K 股票型开放式基金
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=D9BA7684A3E635161362AD3E3A20E814&yid=9377ED8094509821&vid=4AD960B5AD2D111A&iid=E158A972A605785F&sid=3EE58D91F4253193&eid=0B9C8D3D9D6254B2&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=0&reference_num=29