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《Research On Financial and Economic Issues》 2005-12
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The Research on the Principal Agent Relationship of Government Investment Project in China

YAN Ling~(1,2),ZHAO Li-ming ~2(1.Economic and management school,Tianjin University of Technology,Tianjin 300191,China;2.School of Management Tianjin University,Tianjin 300072,China)  
Government investment projects have double multi-level principal-agent chains and the two different agent problems in the principal-agent chains.The first level of principal-agent chain to be discussed is relationship between the public and the government agent and the core problem is to constrain public power.The second level of principal-agent chain is relationship between the government agents and project owners or project teams.The core problem is how the government principals constrain project agents.In China,the direction of reformation on government investment projects management modes is to replace owner administration agent with owner market agent.The agent construction system is an important reformation measurement to adopt market trend of reformation development.
【Fund】: 天津市科委科技发展战略研究计划项目(043503211);; 天津市教委人文社科重点研究项目(2004-11)
【CateGory Index】: F123.6
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