Research on the Development of Intermediary Organizations in the Chinese Market

Author: Zhang Zhan
Publisher:
Publish Date: 2007-01-01
Features: Market intermediaries are an integral part of the market economy system. After the reform and opening-up, various market intermediaries have gradually emerged and rapidly developed in China. While Chinese market intermediaries play certain roles in reducing transaction costs, enhancing information communication, optimizing resource allocation, and mitigating uncertainty risks, their failure phenomena are also very severe. If left unaddressed, this will inevitably have an adverse impact on the socialist market economy system. Therefore, studying the improvement and development of these intermediaries holds significant theoretical and practical implications. This book attempts to make breakthroughs in the aforementioned aspects. , the research perspective of this book is quite unique. Placing the analysis of the causes of failure in Chinese market intermediaries and their further improvement and development strategies within the framework of intrinsic factors and environmental factors is rare in domestic research. Second, the discussion on the institutional cost-sharing function of market intermediaries is novel and has a certain degree of validity. Third, the development goals of market intermediaries proposed based on the improvement of the reform objectives of the socialist market economy system are highly innovative and practically significant. Overall, the book's structure, designed around a clear main thread, is reasonably organized, with a logical flow. The theoretical tools and empirical materials used are also appropriate, making it a commendable specialized work.