Property Right System Reform Of State-owned Commercial Banks Discussed

The two papers of Coase's The Nature of the Firm and The Problem of Social Cost are the base of property right theory in modern times. After Coase a number of scholars have renewed and expanded a new property right thinking and Information Economics supplys a new view. My paper uses the Principal and Agent theory in Information Economics and sets up a Principal and Agent model of state owned commercial bank in order to set forth views of reformation of state owned commercial bank.It is the reason the reformation of state owned commercial bank has become a big fort in state owned firm reformation after the proportion of public-owned property right reducing in a few of sections. Ineffectiveness and imcompetitiveness of state owned commercial bank make it against rigorous difficulty after going into WTO. My paper sets up a Principal and Agent model of government and State owned commercial bank. Then I assay and make a conclusion that state may reform property right structure of state owned commercial bank and establish satisfactory interior and exterior systems and implement a pace join-stock reformation against state owned commercial bank.