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Study On Advance Innovation Of State-owned Enterprise's Property Rights By The Securities Market

Posted on:2004-12-04Degree:MasterType:Thesis
Country:ChinaCandidate:Z G ZhangFull Text:PDF
GTID:2156360092480998Subject:Marxist theory and ideological and political education
Abstract/Summary:PDF Full Text Request
The principal problem and the agent problem brought by it is a prime problem of the state-owned enterprises' property rights of our country. Though the property rights' innovation didn't be mentioned until 1990's, in fact, the innovation of state-owned enterprises was a process on the property rights' innovation. For a wrong idea on problem, "Granting Autonomy and Sharing Profit" , the contract system and rebuilding for Limited Liability system all have not settle the prime problem of the state-owned enterprises. I think that, on the base of the rebuilding for Limited Liability system, rebuild the state -owned enterprises to stock company and IPO, and build out-corporate-governance. First, it can optimize share structure, accelerate detach from governance an d firm, grant corporation's marketing right; second, assimilate responsible stockholders, and intensify the inhibiting mechanism, thereby, optimize inhibiting mode of ownership. Third, to build the securities monitor mechanism as core of CRSC, this is a new the owned-property-rights system, it can effectively monitor the Listed company, and improve the corporation's efficiency.Because our Securities Market is a new and changing market, much shortcoming exists in it; the Securities Market cannot accelerate the innovation of the state-owned enterprises' property rights effectively. Because of it, we should do our best to build the Securities Market for the innovation; it is our important mission in the future.
Keywords/Search Tags:Property Rights, State-owned Enterprise, Securities, Market
PDF Full Text Request
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