Core Theory of State-Owned Enterprises

Author: Wu Balin
Publisher:
Publish Date: 2002-04-01
Features: This book starts from the diversification of the forms of state ownership, elucidating the societal and corporate nature of state-owned enterprises, as well as their micro-rationality and macro-rationality. It points out that management is the unity of the commercial goal of pursuing profits and the national economic and social goals. It proposes and argues a new viewpoint that state-owned enterprises hold a core position in the market economy, specifically analyzing the leading role they play in six aspects. It focuses on researching the governance mechanisms, distribution mechanisms, financing mechanisms, and the comprehensive advancement of reforms for state-owned enterprises to fulfill their leading role. In the end, it highlights that the capital market is a crucial pathway for comprehensively advancing reforms of state-owned enterprises, exploring six methods for reducing the proportion of state-owned shares. This book is suitable for economic theorists, policymakers, and students and faculty of economics and management at universities and colleges.