The Dilemma And Outlet Of Company Capital System

This article mainly talks about the relationship between asset and responsible property of company. The basic idea is to say that asset and responsible property of company should be two kinds of property. The unified capital system which doesn't distinguish the former two things has many defects, and it has hindered the development of productive forces. We should build the dualistic capital system, which bases on the distinction between asset and responsible property of company.Chapter one expounds the defects of traditional capital system, exposes the nature of traditional capital system, and points out that it is the nature of traditional capital system that determine the defects of it. Section one expounds the defects of traditional capital system, and analyses the essential feature of traditional capital system that is"focus on one side but ignore the other side". It advices that we should review the defects of traditional capital system by distinguish the asset and responsible property of company. Section two points out the nature of traditional capital system. Whatever manifestation of traditional capital system is, the nature of traditional capital system is unified capital system.Chapter two reviews the way how to realize the value of company capital system, expounds the idea that unified capital system cannot wholly realize the value of company capital system. Section one reviews the proper value and function of company capital system, and especially poses the distinction between unified capital system and dualistic capital system. Section two points out that unified capital system cannot resolve its defects completely. Company capital system will move towards the dead end if we keep on unified capital system. We should turn to dualistic capital system. Section three analyses the reasons why company capital system is still unified capital system and points out these reasons are out-of-date.Chapter three expounds the idea foundation and institution design of dualistic capital system. Section one pose two main ideas which support dualistic capital system. Firstly, the inside and outside relations of company should be exactly adjusted without the"share"conception. Secondly, the principle deals with the relation between shareholders and creditors should be the criterion of Pareto superiority. Section two briefly discusses the design of dualistic capital system; advices that build the conception system which cores are asset and responsible property, rule system base on it and other related systems.