Study On The Innovation Of Educational Stock-share System In Partial Public Universities In China

The domestic study on educational stock-share system started in the early 1990s in China. Initially the theoretical research introduced the reform of stock-share system into vocational and technical education area. In 1997 the theory came into practice in a non-governmental school in Jiaojiang dsitrict of Taizhou city, Zhejiang province. Some scholars have studied the necessity, institutional advantages, operating of capital, distributing of stock-holding rights and the running mechanism etc. So, some scholars also advocated the reform of stock-share system into some public universities, and made it become the main capital operating forms of public universities, thus it will institutionally ensure the development of higher education.This study defines the educational stock-share system on the basis of former researchers'results and relative theories, but it is not the simple duplication of the definition of stock-share system in enterprises. Then it goes to the necessity and feasibility of public educational stock-share system in some public universities. The main reasons are the short of financial input, the need of cooperative schooling, the need of institutional reform in education and the advantages of educational stock-share system etc. The main points of feasibility are the enlightenments of previous reform, gradually institutional transformation of education, and the complete, fair and free competitive running mechanism in higher education market.Then it goes down to the key point of innovation, that is the clearing of property rights and establishing of cooperate governance in educational stock-share system. On the basis of clearing the subject, object and items of rights of property rights, establishing the macro-level-governance, middle-level-governance and micro-level-governance of the universities governance system. Especially the micro-level-governance system includes the construction of shareholder committee, directorate, supervising committee, the president, association of parents and the students union. And then points out some problems in the construction of governance system. Then it distinguishes the difference between stock-share company and educational stock-shared university and explains the relation between educational stock-shared university and the theory of institutional innovation.This study also analyses the case of the detailed practice in the college of software of science and information, and the college of international business of Shenyang Normal University. Through the practice we can see that the property rights has been cleared, and the governance system has almost completely established and performed well. And believes that it is an effective capital organizing form of public universities and will spread wide in China and get a great-forward development.Finally, this study stresses the disputed points and problems the innovation faces, namely, is it constitutional of legal? Is the stock-share reform equal to the basic ownership system reform? Does it conflict between the for-profit nature of capitals and the not-for-profit or public welfare nature of public universities? How to deal with the related problems of stock rights? How to measure the human capital property rights? All these problem remains further study and special attention-given.