| In the past years state-owend enterprises privatization always be the point from developed country to developing country. As China’s reform and opening is up further and the continuous adjustment of state-ow ned assets, reform and developm ent of state-owned company is still in the ongoing.Firstly this paper described the background and significance of topics. Defining the concept of right of control, state owned enterprises, privatization and enterprise performance. Analysis of the privatization of state-ow ned enterprises from the principal-agent theory, property rights theo ry and the theory of management reform. Then, by reviewing the existing literature to tamp the based of theoretical and Empirical Analysis the resistance of developm ent of state-ow ned enterprises, management difficulties and analys is the privatization motivation. The paper established the change from property to the ownership and control according to the theory of property ri ghts. The transformation from enterprises goal to financial goal causes the change of enterprise management and corporate governance. The mechanism action of the privatization of state-owned en terprises with Enterprise Performance.Completely privatization company in 2008-2013 is statistical analysis in this paper.Select multiple index of company performance comparing before and after privatization. Arrival at some conclusions. Fist, privatization improve the company performance. Second, after privatization the more concentrate control power the batter company performance. Third, after privatization the growth of company performance is unsatisfactorily. In the company which after privatization the structure of board of directors is not reasonable enough. Batter than structure of board,administration authority is an incentive to company performance.By the research hypothesis were verified. Based on conclusion effective suggestions was put forward to improve the performance by corporate governance and regulation and law. |
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