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在委托代理关系中,当事人契约的达成是基于某种谈判力为基础的。分析表明,企业的剩余索取权按一定的比例在两类资本所有者之间进行分配,这个比例取决于两类资本所有者动用企业资源数量或所面临的成本压力的比较:在相同成本条件下,一方相对于另一方来说,随着可使用资源的增多其谈判力则增大,或者,在使用相同资源条件下,一方相对于另一方来说,随着使用资源的成本的减少其谈判力增大。结论是,人力资本通过企业资源间接地获得了一定的谈判力,从而稀释掉物资资本所有者的部分话语权。
In the principal-agent relationship, the conclusion of the contract of the parties is based on certain bargaining power. The analysis shows that the residual claim of the enterprise is distributed among the two types of capital owners according to a certain proportion, which is determined by the comparison between the amount of capital resources used by the two types of capital owners or the cost pressure faced by the two types of capital owners: Under the same cost conditions , One of the parties relative to the other increases its bargaining power as the amount of available resources increases or, under the same resource conditions, one negotiates with the other as the cost of using the resource decreases Increased power. The conclusion is that human capital indirectly obtains some bargaining power through enterprise resources, thus diluting some of the discourse power of owners of capital goods.