Design of Incentive Mechanism for Venture Enterprises Based on the Perspective of Simulation

Wen Chen, Yixiang Tian

Abstract


To motivate the long-term sustained efforts of venture entrepreneurs is of vital importance for the sustainable and steady development of enterprise. By introducing observable variables towards short-term and long-term sustained efforts, a two stage principal-agent model is established, and the validity of the model is verified by the computer simulation technology.

Keywords


Venture Investment; Short-Term Efforts; Long-Term Sustained Efforts; Stock Ownership Incentive; Principal-Agent


DOI
10.12783/dtmse/icmsme2016/7523

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