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- W2361565959 abstract "Based on the Principle-Agent theory, the central bank theory, the market competitive theory and the surplus value theory,the document establishes a new management mechanism on China state-owned enterprises, the main content of the system is: individuals or institutions (warrant investors) who possess economic power and are willing to operate state-owned corporations, may apply for management-rights-money issued by central bank from financial institutions. By using management-rights-money, investors could purchase operating warrant issued by state-owned assets supervision and administration commission(SASAC) in a special market and could conduct proprietary management to corresponding state-owned enterprise. Some of residual income created by state-owned corporations will be obtained by warrant investors and the rest will be obtained by SASAC in form of interest payable of operating-rights-money. We believe the new management mechanism is a better solution to the problems of state-owned enterprises manager's motivation and pressure, and it could also greatly enhance operational efficiency of state-owned corporations." @default.
- W2361565959 created "2016-06-24" @default.
- W2361565959 creator A5087113954 @default.
- W2361565959 date "2005-01-01" @default.
- W2361565959 modified "2023-09-25" @default.
- W2361565959 title "A New Management Mechanism on China State-owned Enterprises:Management Money Mechanism" @default.
- W2361565959 hasPublicationYear "2005" @default.
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