Institutional Change And Enterprise Restructuring

Restructuring of state-owned enterprises and system changes in the system of property rights is reasonable arrangements often been questioned. Operators of the state-owned enterprises are not directly involved in its capacity as an agent of the interests of workers there, but to obuuey superiors of the government's administrative capacity as a subordinate constitutes its essence is the fact that government agents, and employees not directly - Acting Relations. Employees of state-owned enterprises and agents, from the government is the agent of all citizens in the interpretation of the relationship come. At this time, the government and state-owned enterprise workers have taken place on the relationship between ownership and Ambiguity: It caun be said that the government is subordinate staff members can also say workers is the nation's citizens. Restructuring workers both as the target of the restructuring is to protect the interests of the principal. Speaking from the preferences, as it is in the restructuring operation cost savings, it is very likely the protection of the interests of employees and inadequate, even if the policy is expressly granted protection, there are no long-term honor reality. This paper Panjin City two examples of restructuring of state-owned enterprises as an information support, enterprise restructuring issues in the empirical analysis. New Institutional Economics theory in the background, using game theory ethods, the problem reached a reasonable explanation, and proposed countermeasures recommendations.IntroductionFirst of all the definition of the system, the system changes the connotation of system changes and the theoretical development of the domestic enterprise restructuring theory described, and then that the system changes and economic reforms, enterprise restructuring, the final expounded the significance of the study.Ⅰ.The status of state-owned enterprise restructuringFirst on the restructuring of state-owned enterprises in China for a summary of the situation, and then reviewed the past years of the reform of state-owned enterprises course, as enterprise restructuring issue party and the government are very concerned about the issue over the years, so the theory ircles on this issue were long-term research and exploration, and the direction of the SOE reform road also made serious and heated debate, and formed a considerable impact on the two points, one of which is innovative system an effective way to reform state-owned enterprises, the other is management innovation is the restructuring of state-owned enterprises natural choice, and cited both theoretical research workers and their viewpoints.Ⅱ.Examples of corporate restructuring Panjin CityThis part of the first state-owned enterprise restructuring Panjin City of the overall situation of a simple note, and then the two state-owned enterprise restructuring to describe the background,,they introduced the restructuring mode and the results of restructuring of the two cases of restructuring the problems in the analysis summing up, that the existing problems in three ways.1.Which separated the two of restructuring the emergence of various problems.2.The proportion of large state-owned shares, resulting in a single stake.3.The government supporting reform measures in place, and the result difficult to secure their interests.Ⅲ.Summing up the restructuring of enterprises In the restructuring of state-owned enterprises that are prevalent in some of the problems, only to these issues in depth and meticulous study, as well as supporting the development of relevant policies and regulations, to ensure the reform of state-owned enterprises restructuring healthy and smooth manner. These problems manifested in the following three aspects, the first is the plight of the official system, the second is property rights are unclear, and the third is incentive system is not sound.Ⅳ.Countermeasures and suggestionsThe ultimate goal of restructuring state-owned enterprises is the establishment of a modern enterprise system, on the premise that enterprises must truly manage their own business, self-development, self-restraint independent legal person status, and each of these links are inseparable from the adjustment of government functions,the government must take appropriate reform measures to ensure synchronization with the restructuring of the state enterprises. Specific measures and recommendations are:First, strengthen the government's restructuring of the external driving force.Secondly, the incentive mechanism.Third, properly handle the issue of workers.Hope this paper, a solution to the current problems contribute to the restructuring of the state enterprises.