A Legal Perspective On The Administrative Mechanism For The Listed Companies

In recent years,listed companies transformed from the state-owned enterprises have flourishing.And at the same time there exist many problems in the administrative mechanism which affect the companies' merits to a great extend. Consequently,there is an urgent need for legal readjustment. Against the various defects exiting in the administrative mechanism, the essay starts to describe the stock right structure.Then by drawing on the experience of other countries, the essay goes on with a comprehensive analysis in accordance with the theories of conomics, administration and economic law. Finally, from the legal perspective,the essay manages to propose some mea-sures to cope with the defect existing in the present administrative mechanism.