Study On Stimulating And Restricting Mechanism Of State-Owned Shares-Controlled Corporations Insiders

After Chinese more 20 years of state-owned enterprises reforming, three-level management mode on state-owned assets has been formed in China: State-Owned Assets Supervision and Management Commissions-state-owned shares-controlled corporations-enterprises containing state-owned assets. State-owned shares-controlled .corporations are mesosphere in the "three levels" management mode. Their relationships are that state-owned shares-controlled corporations are authorized to manage state-owned assets, so there is still agency problem between State-Owned Assets Supervision and Management Commissions and state-owned shares-controlled corporations.This paper mainly analyses "insider controlling" problem, and sets up a coalition-proof game model to explain the necessaries to stimulate and restrict insiders, then conclude several coalition-proof conclusions. On the base of the second chapter s theory hypothesis and the third chapters coalition-proof game model, the forth chapter establishes the insiders stimulating mode from material and spirit, whose aim is to make the insider not think" to engage coalition; the fifth chapter establishes restricting mode from inside and outside, whose aim is to make insider "not dare" to engage coalition; in the last, stimulating mode and restricting mode make the insider "not capable" to engage coalition.