Decode the Wealth Equation (New Choices for Businesses, Governments, and the Public)

Author: Wei Jie
Publisher:
Publish Date: 2003-01-01
Features: Currently, many enterprises in China have inefficient corporate governance, leading to increased attention being paid to corporate governance structure issues. However, it is often overlooked that corporate governance structure is determined by a company's financing structure, particularly its capital structure. Discussing corporate governance without considering its underlying financing structure is meaningless. If a society's superstructure excessively emphasizes and protects inefficient economic components, even the superstructure itself may face crises. If the wealth snowball cannot be rolled and its radius continuously expanded, then a company cannot truly be considered a business. In the report of the 16th National Congress of the Communist Party of China, it explicitly proposed making the comprehensive construction of a moderately prosperous society the immediate goal for the Chinese people, precisely to significantly enhance the per capita wealth of the Chinese nation. The purpose of this book is to decipher the secrets of the wealth equation composed of the four major elements: capital, labor, technology, and management.