2003Commercial ResearchRequires access

On the Origins of Governance Structure Problems of State-Owned Enterprises

BU Hong-yun

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Abstract

In the questions concerned stat-owned enterprise reform, corporate governance structure malfuncton is the greatest obstacles to further the reform. On applying the principal-agent theory and transaction cost theory, this paper analyzed the questions originated in state-owned enterprise governance structure, and in the end pointed out the origins of corporate governance structure questions--a symmetry information, imperfect contract and invalid manager selection system.

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What this paper is about

In the questions concerned stat-owned enterprise reform, corporate governance structure malfuncton is the greatest obstacles to further the reform. On applying the principal-agent theory and transaction cost theory, this paper analyzed the questions originated in state-owned enterprise governance structure, and in the end pointed out the origins of corporate governance structure questions--a symmetry information, imperfect contract and invalid manager selection system.

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Available abstract

In the questions concerned stat-owned enterprise reform, corporate governance structure malfuncton is the greatest obstacles to further the reform. On applying the principal-agent theory and transaction cost theory, this paper analyzed the questions originated in state-owned enterprise governance structure, and in the end pointed out the origins of corporate governance structure questions--a symmetry information, imperfect contract and invalid manager selection system.

Key concepts: Corporate governance, Transaction cost, Imperfect, Business, Database transaction, Organizational structure, Theory of the firm, Contract theory

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