Reform and Incentives for State-Owned Enterprise Property Rights

Author: Li Guanglin
Publisher:
Publish Date: 2004-07-01
Features: This book comprehensively analyzes the dilemmas and problems of state-owned enterprises under the old property rights system, revealing the harms caused by institutional contradictions from a theoretical perspective, and emphasizes the urgency of property rights reform for state-owned enterprises. It proposes the "model for exploring how state-owned enterprises can establish modern industrial incentive mechanisms." With the establishment of a new state-owned asset management system and the shift of the state's management model from "managing enterprises" to "managing assets," the government gradually withdraws from corporate competition and daily management, further distinguishing central enterprises from local enterprises into central assets and local assets. This results in the de facto local state-owned asset management system obtaining legitimate definitions of rights, responsibilities, and interests under the unified ownership of state-owned assets. As a product of human economic development, enterprise property rights, whether viewed as a legal right or an economic system, are increasingly gaining attention. Therefore, in the ongoing process of property rights reform in China, how to establish incentive mechanisms that align with modern industrial characteristics in state-owned enterprises remains a puzzle for management departments. The key issues discussed in this book are the author's descriptions of incentive mechanism models and operations based on long-term participation in managing large state-owned enterprises. As you read this book, you will gain not only experience but also practical operational insights.