本文首先探讨了效率的四种类型,发现X-效率对于重新认识和修正传统效率理论的一些基本假设有所裨益,然后将该理论运用到公司治理效率的讨论当中,通过博弈分析指出群体惰化行为和个人惰性区域的存在是导致效率下降的原因,并针对经理人提出三点提升个人努力程度的举措。 This paper first explores the four types of efficiency and finds that X-efficiency is beneficial to re-understanding and revision of some basic assumptions of the traditional efficiency theory. Then, this theory is applied to the discussion of corporate governance efficiency. Through game analysis, The existence of behaviors and areas of personal inertia is the cause of the decline in efficiency, and three steps for managers to enhance their personal efforts.