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。
ABSTRACT A typical characteristics of modern enterprises is the separation of ownership and management .
以公司制企业为主的现代企业的典型特征是所有权与经营权的分离。
ABSTRACT a typical characteristics of modern enterprises is the separation of ownership and management or...
以公司制企业为主的现代企业的典型特征是所有权与经营权的分离。
The separation of ownership and management is an advantage in many cases, but may BE a disadvantage in others.
所有权和管理权相分离在许多情况下是一个优点，但在其他方面就是一个缺点。
One of the most outstanding characteristics of modern corporations is the separation of ownership and management.
现代企业的一个显著特点是所有权与经营权的分离。
The "separation of ownership and management" has become a marked characteristic of modern corporate system enterprises.
“所有权与经营权分离”己成为现代公司制企业的一个显著特征。
And the main characteristic of modern corporate is the separation of ownership and management power, appearing principal-agent relationship.
现代公司主要的特征是所有权与经营权相分离，产生了委托———代理关系。
The prominent feature of modern publicly-owned corporation is separation of ownership and management, giving rise to principal-agent relationship.
现代公司制企业最显著的特征是公司所有权与经营权相分离，由此导致了委托-代理关系的产生。
The result of the separation of ownership and management power of the corporation is that the information is not balanced between shareholders and the corporation.
由于公司所有权与经营权的分离，导致股东与公司间信息的不对称，从而危及股东利益的实现。
The agency cost theory holds that the aim of paying cash dividends for listed companies is to reduce the agency cost which comes from the separation of ownership and management.
传统研究多采用代理理论来解释这一现象，该理论认为上市公司所有权和管理权分离产生了代理成本，而上市公司发放现金股利则能降低代理成本。
With the separation of ownership and management, many enterprises pay a lot for the agency cost. For this, stock incentive is considered to be a good method to decrease the cost.
随着所有权与经营权的分离，代理成本让很多企业为之负出了高昂的代价，股权激励被认为是降低代理成本的良方。
In modern company agency relationships exist because of the separation of the ownership and the management, and that agency relationships must bring agency cost.
现代企业所有权和经营权的分离带来了代理关系，而代理关系的存在又必然产生代理成本。
For modern enterprises, separation of ownership and control is one outstanding characteristic, which brings about interest conflicts between finance and management.
现代企业最突出的特征是企业所有权与经营权的分离。所有权与经营权的分离带来了委托人与代理人之间的利益冲突。
Clearly defined ownership and power and responsibility, separation of enterprise from administration, and scientific management.
产权清晰，权责明确，政企分开，管理科学。
As the separation of the company's ownership and management, there is a conflict of interest in the top managers and the shareholders.
由于公司的所有权与经营权相分离，高管和股东之间存在着利益冲突。
With the separation of modern company's ownership and management right, we are facing a problem of seeking balance between the interests of shareholders and directors in a company.
随着公司经营权与所有权的分离，如何平衡股东与董事之间利益成为现代公司法学中的一个重要课题。
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 ownership and control in publicly held firms often creates incentive conflicts between stockholders and management, which causes agency costs for the firms' stockholders.
所有权与管理权分离经常会引起所有者与管理者之间的激励冲突，从而引起所有者的代理成本。
The separation of ownership and control in publicly held firms often creates incentive conflicts between stockholders and management, which causes agency costs for the firms' stockholders.
所有权与管理权分离经常会引起所有者与管理者之间的激励冲突，从而引起所有者的代理成本。
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