A New Visual Angle of Study on Property Rights of an Enterprise——Direct and Indirect Property Rights

Starting form the two forms of enterprise existence: the physical from and value form, the paper divides the enterprise property rights into direct property rights and indirect property rights, which, in turn, can be respectively divided into physical and value forms. The subject of direct property right is the management and the investors. Just because the direct property rights is a special resource essential to an enterprise and owned only by the body of property rights, entrepreneur and capital can directly take part in the process of creating fortune for the enterprise, therefore, it is completely exclusive and independent; while indirect property rights includes individual indirect property rights and state indirect property rights, whose body is respectively the employees of the enterprise and the government. Since the indirect property rights is a special resource possessed by the property right body, labor force and environment indirectly and passively take part in the process of creating fortune for the enterprise, hence it is limitedly exclusive and hightly dependent. The contents, object and means of realization of property rights decide the function and position of its body in the mechanisms of governance of the enterprise, while unification and separation of property rights decide the system model of an enterprise.