Separation of ownership and management.
所有权和管理权相分离。
The typical characteristic of modern commercial bank is the separation of ownership and management.
现代商业银行的典型特征是所有权与经营权的分离。
The separation of enterprise's management and ownership, led to the agency problem.
企业经营权和所有权的分离，导致委托-代理问题的出现。
The separation of enterprise's management and ownership, led to the agency problem.
企业经营权和所有权的分离，导致委托-代理问题的出现。
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