In this paper, we take the asset specificity in consideration.
本文将在资本结构的选择中考虑资产专用性起到的作用。
When asset specificity is very strong, inner organization has more advantage than marketing organization.
当资产专用性很强时，内部组织比市场组织更有优势。
The higher the degree of asset specificity is, the greater the return from cooperation is required to assure the self-enforceability.
若资产专用度较高，则合作收益必须足够大，才能保证合作伙伴关系的可自执行性。
Secondly, we analysis the relationship between asset specificity and capital structure, and take it as theoretical basis of our empirical study.
其次，对资产专用性与资本结构二者之间的关系进行相关理论的分析。
Firstly, this paper introduces the main content of transaction cost theory, including contract theory, indirect pricing theory and asset specificity theory.
本文首先对交易成本理论的相关内容进行了阐述，如契约理论、间接定价理论和资产专用性理论。
The incomplete contract and asset specificity cause the hold-up problem in transaction, which brings about the rising of production cost and transaction cost.
不完全契约和资产专用性引致了交易中的敲竹杠问题，带来生产成本和交易成本的上升。
The key-point to the solution of the paradox of the farmland property right is to nurture the property right agent of the farmland asset specificity, the power of the farmers.
解决现实中农地产权悖论问题的关键在于培育农地资产专用性的产权代理人——农户的力量。
This article puts the pricing difficulty of decoration asset of house as example, indicates that the asset specificity brings about the different appraisal between the seller and buyer.
本文以房屋装修资产转让定价困境为例，说明资产的专用性导致买卖双方对于资产价值的评价不一样。
On the author's opinion, a relational contract can be formed by two ways, one is asset specificity facilitating bilateral dependence and the other is individual social capital locking both parties in.
在笔者看来，关系契约有两条基本形成途径，一条是由专用性资产而形成的双方依赖，另一条是动用个体的社会资本而锁定双方的关系。
You manage different kinds of assets so that you can take best advantage of their specificity, which works fine when you are only focusing on one kind of asset.
您管理不同类型的资产，这样您就可以对它们的特性进行最好的利用，当您只关注一种类型的资产时，它可以工作得很好。
Thus, joint asset ownership not only can resolve the problem of physical capital specificity, but also is an effective way to resolve the hold up problem of human capital.
因此，联合所有权不仅可以解决物质资本专用性问题，也是解决人力资本套牢问题的有效途经。
Thus, joint asset ownership not only can resolve the problem of physical capital specificity, but also is an effective way to reso...
因此，联合所有权不仅可以解决物质资本专用性问题，也是解决人力资本套牢问题的有效途经。
Thus, joint asset ownership not only can resolve the problem of physical capital specificity, but also is an effective way to reso...
因此，联合所有权不仅可以解决物质资本专用性问题，也是解决人力资本套牢问题的有效途经。
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