The Incentive Mechanism Analysis Of Chinese State-owned Enterprises

The found of effective incentive mechanism is the core of property rights institution reform in state ?owned enterprise. How to make execu- tive and labor more effective and how to make sure that state ?owned en- terprise continuable development became the focus of the refbrm. The paper analysis the incentive mechanism in state ?owned enter- prise. Base on the principal ?agent theory and human asset theory which is the fundamental skeleton, during the analysis of the every reform phases of state ?owned enterprise, author indicate that short ?time incentive mechanism has been set up, but at the same time there are so many long ?time agency problem . It is necessary to build long ?time incentive mechanism, which depend on the found of market system, emergency of entrepreneur as well as transition of government function.