Joint-stock company accounting

Author: Shen Gao-sheng
Publisher:
Publish Date: 2001-02-01
Features: This book is a specialized work that systematically analyzes the incentive and constraint issues of entrepreneurs by comprehensively utilizing modern economic and management theories. Based on constructing a comprehensive analytical model of incentive and constraint problems for entrepreneurs, the book systematically and comprehensively describes the reward mechanisms, control right mechanisms, reputation mechanisms, and market competition mechanisms for modern enterprise entrepreneurs. It delves into the theoretical foundations and practical challenges of these mechanisms from a fresh perspective, further conducting unique and in-depth analyses of the incentive and constraint issues of entrepreneurs in China's state-owned enterprises (SOEs) in the context of transition economies. This includes salary systems, the "59-year phenomenon," the standardization of corporate governance structures, "on-the-job consumption," managerial professionalism, and the long-termization of entrepreneurial behavior. The book summarizes the basic characteristics of the incentive and constraint mechanisms for SOE entrepreneurs in transition economies, proposes goals and approaches for the classified reform of China's SOEs, and offers specific, actionable recommendations for reforming and improving the incentive and constraint mechanisms for SOE entrepreneurs in the current stage.