求翻译：尽管目前证券公司的经营者拥有了更多的经营自主权、一定的企业剩余索取权, 但当经营者意识到获取契约报酬与声望不如约束之外获取的隐性收入时, 就会导致激励失效, 如果约束又短缺, 将带来激励与约束不相容的后果。是什么意思？

Although the business of securities companies have more operational autonomy, the corporate residual claim, but when operators realized that to get to contract rewards and reputation as constraints to obtain the hidden income, it will result in incentive failure If the constraints and shortages, and

In spite of the current operators of the securities firms have more autonomy, and the right to ask for the business, but when operators get aware of Contractual compensation and reputation as constraints of the hidden income, it can result in incentive expires, if the constraint and shortage and wil

Although the present negotiable securities company's operators had the more right of autonomous management, certain enterprise surplus claim power, but works as the operator realizes the gain contract reward and the prestige was inferior beside the restraint gains when recessive income, can cause th

Despite the current operators of the securities company has a more operational autonomy, a certain amount of residual claim, but when the operators realized that gets the contract remuneration and prestige as well beyond the constraints while getting the hidden income, will lead to incentive failure

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