The Paradox of Mixed Ownership Reform in State-owned Enterprises and Its Countermeasures

DOI

10.2991/icoeme-18.2018.59How to use a DOI?

Keywords

mixed ownership reform; residual claims; state-owned enterprises; countermeasure

Abstract

The ownership of state-owned enterprises does not refer to the ownership of “state”, but to a common ownership formed by the transfer of ownership rights in individual ownership by the whole people. The retention of the residual claim by the whole people is a prerequisite for the establishment of joint ownership. However, the financial department's capital contribution from the state-owned capital and the surviving demand for dual status cannot guarantee the full realization of the residual claim right, which leads to the paradox of state-owned enterprise mixed ownership reform. State-owned shares should be divided into independent departments in the form of preferred shares, representing the whole people to exercise the residual claim rights, and finally forming a system of checks and balances between state-owned control rights, state-owned residual claims and private capital control rights.

Copyright

© 2018, 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  - Chen Tinghao
AU  - Tan Yang
PY  - 2018/11
DA  - 2018/11
TI  - The Paradox of Mixed Ownership Reform in State-owned Enterprises and Its Countermeasures
BT  - Proceedings of the 2018 International Conference on Economy, Management and Entrepreneurship (ICOEME 2018)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/icoeme-18.2018.59
DO  - 10.2991/icoeme-18.2018.59
ID  - Tinghao2018/11
ER  -