Research on Governance Mode Development of the State-Owned Enterprise: A Framework on the Theory of Principal-Agent

DOI

10.2991/hss-26.2016.134How to use a DOI?

Keywords

Governance mode, State-owned enterprise, Principal-agent.

Abstract

With the state-owned enterprise reforming, state-owned enterprise governance mode had experienced a series of changes, the principal-agent relationship in different periods show different characteristics. This paper analyzes the characteristics of the governance mode of state-owned enterprise during the beginning of reform and opening up including the “decentralization” stage and responsibility system stage, stage of establishing modern enterprise system on the Principal-Agent Theory. The conditions for the optimal solution of the principal agent and the agent are revealed by the method of solving the equation. The relationship of the principal-agent relationship in each stage is analyzed, and the development process of the governance model of the state-owned enterprise is sorted out, providing a useful reference for the further reform in the governance mode of the state-owned enterprises.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ying Chen
AU  - Qiuming Wu
PY  - 2016/01
DA  - 2016/01
TI  - Research on Governance Mode Development of the State-Owned Enterprise: A Framework on the Theory of Principal-Agent
BT  - Proceedings of the 2016 International Conference on Humanities and Social Science
PB  - Atlantis Press
SP  - 812
EP  - 819
SN  - 2352-5398
UR  - https://doi.org/10.2991/hss-26.2016.134
DO  - 10.2991/hss-26.2016.134
ID  - Chen2016/01
ER  -