Modern corporate theory

Author: Gao Chengde
Publisher:
Publish Date: 2003-05-01
Features: This book elaborates on the definition and essential characteristics of modern companies from the perspective of the development history of enterprises and companies. It explains the emergence process of modern companies using modern corporate theory and conducts an in-depth discussion around property rights theory, principal-agent relationships, corporate governance structure, corporate hierarchy system, and corporate organizational system in modern company systems. The book focuses on the reform of the organizational system of state-owned enterprises in China. Additionally, it analyzes the relationship between the modern company system and the institutional path of institutional change in corporate growth, as well as the connection between the modern company system and corporate value growth.