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The Research Of State-Owned Enterprise Reform

Posted on:2006-12-28Degree:MasterType:Thesis
Country:ChinaCandidate:M LeiFull Text:PDF
GTID:2166360152493606Subject:Business management
Abstract/Summary:PDF Full Text Request
The reform of state-owned enterprise is the core problem of the reform of Chinese economic system. But after having experience several stages as follows: releasing rights and yielding profits, attracting out system, share institution and so on, Chinese state-owned enterprises have not solved such a series of key problems as the absence of owners, insider control, the inspirations between government and enterprises yet, which restricts the development of state-owned enterprises. With the practice of state-owned enterprise's reform, this paper has studied the corporate governance structure based on the reform of property structure. The separation of ownership and management, agent problem brought by the separation and how to inspire and supervise agent were crucial problems.The structure of property is nullity-stage and complexity. The first layer is the ultimate property of the enterprise and the juridical person properly of the enterprise. The second layer is the juridical person properly of the enterprise and the marketing rights. And the must basic rights structure is equity structure and the relation between the structures is equity structure and the relation between the residual abstain and the residual rights of control (marketing rights). This kind of relationship is not easy to be defined; kind is the must difficult point to clear the property rights of the modern enterprise.Through studying, we believe the key of the state-owned enterprises' share-holding system of twenty lie in straitening the relation of the properly rights and forming and structure of properly rights, establish a perfect corporate system, such as multiple property rights, artificial person, socialization, perfect and far marked system, disappear the state-owned enterprise equity, make the state-owned equality share by some state-owned asset agents and construct reasonable equity structures. This conclusion in this paper has great value to the stat-owned enterprises government agency.
Keywords/Search Tags:property rights, the structure of property right, corporate governance, modern enterprise
PDF Full Text Request
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