Research on Governance Mode Development of the State-Owned Enterprise: A Framework on the Theory of Principal-Agent
- 10.2991/hss-26.2016.134How to use a DOI?
- Governance mode, State-owned enterprise, Principal-agent.
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.
- © 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/).
Cite this article
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 -