On property rights arrangement of market agency organizations
Yang Ji-rui
Abstract
Yang Ji-rui
Abstract
Reasonable property rights arrangement of agency organizations is not only necessary for enterprises to realize leaping development and high efficiency and but also necessary for enterprises to encourage human capital and increase competence. Property rights arrangement includes ascertaining initial property rights of enterprises, defining property rights of value-added assets, setting reasonable property rights structure and setting up multiple and open property rights. In China's property rights arrangement of market agency organizations, structural annual income system, stock option and futures stock system, employees' share-holding plan and transferable income system may be implemented.
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Reasonable property rights arrangement of agency organizations is not only necessary for enterprises to realize leaping development and high efficiency and but also necessary for enterprises to encourage human capital and increase competence. Property rights arrangement includes ascertaining initial property rights of enterprises, defining property rights of value-added assets, setting reasonable property rights structure and setting up multiple and open property rights. In China's property rights arrangement of market agency organizations, structural annual income system, stock option and futures stock system, employees' share-holding plan and transferable income system may be implemented.
Key concepts: Property rights, Business, Bundle of rights, Agency (philosophy), China, Finance, Law and economics, Industrial organization