Optimize The Growth Of Listed Companies And Industry Organizations

Industrial Organization refers to relations among enterprises in one industry. The key question of industrial organization is the relation between monopoly and competition. The object of industrial organization optimization is to realize the effective competition of the industry. These are most fundamental contents of industrial organization theory. Two important events happened in Chinese economic circle in the second half of 1999: 1 , Annual Conference of Global Top 500 sponsored by ( fortune) was held in Shanghai, China; 2,Mutual agreement about china into WTO was reached by governments of china and The United States. These two events once again arouse the question of how Chinese enterprises and industries to meet international challenge facing the deepening of global economic integration, Therefore, the study of (listed corporation Development and industrial organization optimization) not only have theoretical but also realistic value.At present, typical Characteristics of Chinese industrial organizations are phenomena such as "big and self-contained', "small and self-contained" , "relative low of concentration ratio" and so on. The theory and practice of the industrial organization optimization of markets economy countries illustrate that the major characteristic of the industrial organization optimization is the establishment of the industrial organization pattern of monopolistic or oligopolistic competition in many industries through free competition among enterprises under the guidance of market mechanism, large-scale listed corporations or corporation groups are backbone of every country's national economy and play a predominant role among industrial organizations of very country. Comparing with large foreign corporations, the difference of scale, although obvious, is only external, the basic difference is system. The major choice of optimizing our country " s industrial organizations in the future are to reconstruct our country's industrial organization with large-scale enterprises or groups centered by listed corporations as its main bodies, form industrial pattern of monopolistic or oligopolistic competition in most industries, fully take advantage of the positive role of listed corporations in industrial organization, which are also the basic views of this essay.The organization form of the listed corporation has laid a foundation and offered a premise for the expansion of enterprise size owing to the effective realization of organic combination of industrial and financial capital. The expansion of the size of listed corporations has greatly raised the index of industrial concentration ratio. The asset reconstruction of listed corporations can overcome the shortcoming of the "big and self-contained" and "small and self-contained" of industrial organization to certain extent. Enterprise group has became an important organization form of industrial organization optimization of many countries because of its advantage in the realization of the revenue of scale economy, of the specialized division and coordination of the stratified competition of enterprises associated, and of the stratified competition of enterprises. The development of Chinese enterprises group has obtained obvious achievements, but still some serious problems lay ahead. The major direction of the enterprises group reform in the future is to normatively reconstruct the enterprise group into corporation and to establish new enterprise centered by listed corporations. The new enterprise group should realize specialization and scale economy on the basis of coordination. The merge and acquisition of listed corporations is a major method of enterprise development and also that of the industrial optimization. The merge and acquisition of our country's listed corporationsown typical characteristics such as "merge and acquisition among strong and weak enterprises" , "passive merge and acquisition ". "small scale" and so on, and are not normative. The active role of the merge and acquisition of listed corporations in the promotio...