Research on Human Capital and Corporate Ownership Arrangements

Author: Lan Yujie
Publisher:
Publish Date: 2006-06-01
Features: The basic argument of this book is that the institutional arrangement of enterprise human capital and ownership should be the true starting point for the reform of Chinese state-owned enterprises. The symmetrical arrangement where human capital owners share both the right to claim enterprise residual claims and the right to control residual rights will become the inevitable logic and practical choice for establishing modern enterprise systems and modern property rights systems in Chinese state-owned enterprises.