The Regulatory Revolution of China's State-Owned Enterprises

Author: Duan Qiang
Publisher:
Publish Date: 2004-07-01
Features: The author possesses a profound and systematic ability to analyze economic issues and specialized knowledge. This book holds significant theoretical and practical value, particularly for China, where the practical significance is even more prominent. The regulation of enterprises and corporate governance are current hot and challenging topics in economic research. By systematically analyzing the theories of enterprise contracts, property rights, corporate governance, and the interrelationships between the structures of enterprise contracts, property rights, and governance, the book derives the fundamental conclusion that the arrangement of enterprise property rights structure determines the governance structure and governance model. It further substantiates this argument with empirical evidence from the property rights structures and governance models of joint-stock companies in developed market economies such as the United States, Germany, and Japan, demonstrating that the evolution of property rights structure is the decisive factor in shaping corporate governance structure.