Study Of China's State-owned Enterprises, Reform Of Property Rights

For many years, a lot of innovation of the economic organizational form of our country were carried on under the circumstances that there is not great adjustment in the institution of property right, and they have led to the fact that the reform is out of anticipation to them. Both Marx's theories of property right and western theories of property right emphasize property right's function in improvement to efficiency, stimulation to people and adjustment to income of people. And they were just ignored by the traditional property right system of state-owned enterprise of our country.Now the reform of state-owned enterprise has already entered a key period, and the state-owned enterprise is the pillar of our national economy. Driving the reform of state-owned enterprise energetically, especially the reform of state-owned enterprise's property right system have very important function for improving the vigor and efficiency of state-owned enterprise and building up perfect socialist market economy system . This paper benefits from the new achievement in research of the theory of western property right while adhering to the basic position of Marx's theory of property right, and on the basis of summarizing the drawback of the property right system of state-owned enterprise in our country systematically, it uses the models of contract theory and agent theory by agreement about the enterprise of the theory of western property right, and analyzes insufficient stimulation of the traditional property right system of state-owned enterprise of our country. In the meanwhile, the paper also researches the information asymmetric states of trust and agent, therefore announces the agent problems of " reverse to select" and " morals risk" that state-owned enterprise exist in common, and explains basic reason state-owned enterprise's inefficiency and economy of poor benefits.On the basis of discussion mentioned above, the paper has probed into the extreme goal and concrete measure of property right reform of state-owned enterprise further. At last, it make conclusion that the property right system reform of state-owned enterprise should be based on "stimulation compatible" and" information become and save originally" mechanism in property right system. In order to have institution arrangement of "stimulation compatible" and" information become and save originally" mechanism transplanted into state-owned enterprise with a high efficiency. The paper has also proposed clear definition of property rights, promotion to outside at inside competing selection of management and attainment of stimulation that pay attention to. And based on this, the paper has probed into the concrete measure of the reform of property right.