Study On Market Contract And Incentive Mechanism Of State-Owned Assets Orgnize Corporation

From the Reform-Open, the reform in the state-owned assets management system has been the key to the reform in state-owned enterprises, however the question has not been solved. The main point is system. There are two defects in this system, one is in the inner mechanism ,another is the defect in the state-owned assets management .resources have not been collocated efficiently. Because of the unreasonable industry structure, there are many wasting assets. The inferior assets have a big proportion. So the phenomenon in prediction of state-owned assets by human of by nature is serious. We can come to that he reform in the state-owned assets management system is emergency and it becomes the research hot point in government, society and academe.Constituting and development of the State-owned assets organize corporation (SAOC) have solved many problems in state-owned assets management. But because it is based on the system in existence there have another problems to be solved. The paper views that we should set up market contract by market competitions and organize state-owned enterprise by this way. The core in the property right is market., which we call is SAOC Market Contract Theory. During performing contract, SAOC is the pure market organizer. It establishes market competition rule and gives the management right to the best one in competition. By market contract, it can not only accord with the inherency request of state-owned right in market economic but also settle the problem of state-owned right leaved unused because the Principal-Agent model's Free Poll in existence. Market contract can prescribes the benefit's incentive compatibility about the owner of state-owned right and the government, can settle the low efficiency in state-owned assets' organization, can also settle the Inner Control.The paper mainly researches on the SAOC's Corporate Governance under the market contract and try to get the best one in comparison. Moreover, the paper introduces and develops the existing Market Contract Theory. Proposing another executive thoughtfulness for SAOC and state-owned enterprise. At last,having a foothold on the achievement, the incentive mechanism is designed.In conclusion, regard updating idea and so on as guideline, from the exercisable angles, the paper emphatically does research on the SAOC's market contract, the incentive mechanism, and the approach the contract come to be true.