Research On The Institutional Innovation Of China's Private Enterprises

Since the beginning of reform and opening up, China's private economy has developed rapidly. Its further development, however, is still constrained by defective institutional design and lack of innovation. Thereby, based on the previous research in this field, and from its reality, this dissertation, consisting of eight chapters, makes a further research on the institutional innovation of the private enterprises.First, institutional innovation and concerning theories are classified from the perspective of history of economic ideas, and institution, innovation, and institutional innovation are focused on as the theoretical basis of this paper.Second, the research of institutional characteristics and innovation demands of private enterprises in China is conducted. By tracing emergence and development of the current enterprises in China, this paper summarizes the three stages of private economy development in China and four channels of its emergence, and analyzes the institutional characteristics and innovation demands, which establishes a necessary prerequisites for the following chapters.Third, successful experiences of the institutional innovation of private enterprises in the advanced countries are concluded. Analysis and conclusion of the enterprises'institutional innovation in the United States, Japan, Germany and other developed countries are conducted to reach some inspiration that will be good to the Chinese counterpart.Finally, enterprises'property rights institution, organization institution, management institution, industrial organization form, and the role of government are fully dealt with to study the issue of institutional innovation of the current private enterprises in China from both the internal and external perspectives, which is the important part of the paper.First, it is about institutional innovation of property rights of the private enterprises. The basic theory, functions and types of property rights are introduced. Besides, the status quo, characteristics and main problems of private property rights institution are studied, and its innovation channels are explored.Second, it is about institutional innovation of organization of private enterprises. It introduces the basic theoretical views on organizational institution, including classical, latter-day and modern organizational theories, studies the status quo, and main problems of organizational institution of private enterprises in China, and explores its innovation channels.Third, it is about management institutional innovation. Based on the basic theories of management, and from the aspects of middle- and small-sized private enterprises and big-sized ones, it concentrates on the main problems of management institution of private enterprises, and explores its innovation channels.Fourth, it is about industrial organization innovation of private enterprises. The theories concerned about industrial clusters are classified, and the inner mechanism for promoting industrial clusters'economy is studied. Through studying the status quo of industrial clusters in China, and the main factors that hinder their development, some suggestions for promoting industrial clusters of private enterprises are put forward.Fifth, it is about the role of government in institutional innovation of private enterprises. It argues that the institutional innovation should go with change of government's functions. Through analyzing the current unreasonable setup of the government's function and the main corresponding problems, it brings forward the basic direction, basic principles, basic ideas, and essential measures of transformation of government's functions, focused on some suggestions about five aspects—the establishment of a sound legal security system, institution-supporting system, government-guiding system, market system, and social service system.