Evolution of Industrial Property Rights System in Late Qing Dynasty

Author: Wang Rong
Publisher:
Publish Date: 2004-06-01
Features: Based on a systematic review of the impact of the property rights system theory in the economics of the new institutional economics on economic change, this book focuses on the evolution of the property rights system (property rights structure and enterprise principal-agent relationships) of military industrial enterprises, state-owned and state-supervised commercial enterprises, private commercial enterprises, and railway enterprises during the late Qing Dynasty. By analyzing the behavior of the property rights subjects (owners, operators, and managers) of these enterprises, and by examining the changes in the political regime and ideology that influence the institutional arrangements of property rights, it explains the contradictions and path choices in the development of Chinese enterprises and social transformation in the early stages of industrialization, and illustrates the historical trajectory of their evolution.