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贺州翻译公司关键字：administrative authority to break the original to the hotel or hotel group and the control over the sharing of control over the proceeds of the formation of cross-regional, inter-departmental, cross-level hotel management group, which can only be regarded as a simple joint, its internal resources a fairly long period of re-integration. (B) under the market翻译市场行情价格多少钱-oriented corporate governance groupThe nature of state-owned property合理翻译收费 rights of state-owned economy, requiring a corresponding right to operate the organization, said that the economics of "corporate governance", which is a micro-level "institutional arrangements" or "system of innovation." China Hotel Industry Group process, the micro-level market翻译市场行情价格多少钱-oriented state-owned assets have to face because of the absence of the initial investor group brought the governance structure of the principal - agent problem. As part of the state-owned economy, hotel industry groups in the principal - agent relationship is characterized by three typical principal-agent relationship. The first stage from the initial principal (all people) to the NPC (National), its principal - agent of direction is from the bottom; the second level to the government through the National People's Congress, its principal - agent of direction legally speaking, from the top down; third level is the result of central government and (the competent authority of the Government departments and all levels of chain) to the hotel management chain of authority within the group members formed, its principal - agent one direction is top-down, in the initial principal and Hotel Management Group, the middle part between the principal and the agent with a dual identity. However, the State Government (which is usually referred to as the representative of the interests of all people), the collective, is an abstraction, a collection of people is a concept, they can not become a reality, the main production and operation. Thus, the initial absence of the principal fact, the significance of the first level there is only the second stage is to give the government as an agent of legitimacy. The paper focuses on the second level and third level of the principal-agent relationship. From an administrative point of view, the hotel industry group can be part of the scattered distribution of state-owned hotel assets, property合理翻译收费 rights and complex issue, complicated by shortening the lengthy principal - agent level, to reduce the transmission of information distortion, improve the information transmission speed, reducing middle agent costs, facilitate the efficient supervision, but also the emergence of control (or decision-making power) in the executive branch of government officials and the group allocation between managers. This was
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