The Rational Selection Of The State-owned Enterprises' Property-Rights Model

The state-owned enterprises are the backbone of China economy, they have played a very important and historical role. But because of traditional institution and the volatile change of market environment, the majority of stake-owned enterprises can't meet the market economic need, which gives rise to many problems, such as the inflexible manage system, heavy debt, the shortage of the ability of technology innovation and declining economical efficiency. In short, the state-owned enterprises must be reformed.The core of the reformation of state-owned enterprises is the institution of the enterprises property rights. First, this article analyses the property rights, the institution of property rights and the reason of enterprises property rights vicissitude. The following is an exploration of the public property and the character of the state-owned enterprises property institution. Then, the author analyses the property model and efficiency. On the basis of those analysis, the author discusses the state-owned enterprises property efficiency and why, pointing out the flaw of the state-owned enterprises property model. Finally, according to the china reality, the writer poses a new model of the state-owned enterprises property, namely, United-property. Meanwhile through theoretical analysis, the author demonstrates the necessity and practical basis of United-property. Besides, through the case analysis, the author certifies the applicability of United-property institution.