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Research On The Reform Of China's Telecom Enterprises From The Perspective Of Property Rights

Posted on:2018-12-20Degree:MasterType:Thesis
Country:ChinaCandidate:L LiuFull Text:PDF
GTID:2359330518468413Subject:Western economics
Abstract/Summary:PDF Full Text Request
Since the reform and opening up in 1978,with the reform of state-owned enterprises,China's telecommunications companies have also carried out a number of split and reorganization.But China's telecommunications companies in the property right system still exists many problems: the state-owned property rights of a shareholder,has a position of absolute control,property rights is too single and the body is not clear,the government,state-owned property rights lack of liquidity,no independent regulatory agencies,the legal system is not perfect.These problems caused serious consequences,such as: the efficiency of competition of Chinese telecommunication enterprises,competitive market structure is not reasonable,management effect is poor,the operating mechanism of chaos,salesman,poor sense of service,service charges too much,the low degree of customer satisfaction.The reasons for these problems are: the government's power is too large,the administrative directive is too strong;the industry access standards are high;the property right system arrangement is unreasonable.It can be said that the arrangement of the property right system has a direct impact on the performance of the telecom enterprise,and also determines whether the company has a good corporate governance structure.This article from the function definition of property rights,transaction costs,externalities and property rights system aspects,in-depth analysis of the property right theory of Coase,Demsetz,Steven and Alchin.In the process of analyzing the reform of telecom enterprises in China,the author explains the property right with the corresponding theory,and analyzes the reasons.China's telecom companies have gone through the period of monopoly,the introduction of competition,the period of split and reorganization,and the period of3 G and 4G license issuance.Based on the analysis of the reform of China's telecom enterprise property rights system problems,according to the special characteristics of China's economic system and China's telecom enterprises,and from the United Kingdom and Japan Telecom property system reform experience,pointed out that the reform of the telecommunications enterprise property rights system in China should abide by the following aspects: first,clear the main state property agency,looking for real;second,the state-owned property right must flow smoothly;third,to explore the diversification of property rights;fourth,to balance the reasonable equity structure.In view of the existing telecommunications industry property right system in China,and put forward the following countermeasures: find investment professional agency as a qualified representative of the state-owned property rights,realizing ownership and management completely divided camps;the establishment of property rights trading market orderly,providing a suitable place for the smooth flow of stateowned enterprises;encourage the employee owned company,the introduction of social capital,rich property rights;property rights structure construction reasonable need of external environment.The ultimate way to find a reasonable way is to select the state-owned shares less than fifty percent of the relative holding mode.
Keywords/Search Tags:telecom enterprise, property right system, state-owned shares, diversification of property rights
PDF Full Text Request
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