Abstract:

Based on the perspective of principal-agency theory,there are multi-layer principal-agent chains in the Exam Reform of Academic Proficiency for Senior High School.It is adverse selection and moral hazard caused by the dynamic game between the principal and agent at all levels that makes the reform the predicament of the information loss、lagging governance, low efficiency of implementation and deviation of effect from the reform original goals. It is a feasible way to break through the difficulties above by perfecting the information transmission channels, constructing strong incentive mechanisms and supervise mechanisms.

Key words: the Exam Reform of Academic Proficiency for Senior High School, the relationship between principal and agent, adverse selection, moral hazard, incentive mechanism