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Diversification Property of State-Owned Construction Auxiliary Business and Analyzing Case
Author: AiChangMing
Tutor: HuChangSheng
School: Wuhan University
Course: Business Administration
Keywords: State - owned secondary business Diversification of property rights Restructuring Case Study
CLC: F426.92
Type: Master's thesis
Year: 2004
Downloads: 93
Quote: 1
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Abstract
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Separation of main and auxiliary industry restructuring is the strategic adjustment of state-owned economic layout , enliven the secondary business , shunt placement of surplus staff groundbreaking initiatives . The tortuous state-owned enterprise reform experience confirmed the change to the depths of the property , the diversification of property rights is the main directions of the reform of property rights of state-owned secondary and important content . Only diversify their ownership , to the complete elimination of the deficiencies in the system of property rights of state-owned secondary business , reduce agency costs , shorten commissioned the chain , the establishment of a corporate governance structure full of incentive and restraint mechanisms , and enhance market competitiveness . Industry from the state - owned buildings and auxiliary industry characteristics , industry policy starting from the introduction of foreign capital , private capital , employee stock ownership plan , management buyouts four ways to explore the state - owned buildings and auxiliary industry diversification of property rights restructuring issues , combined with the actual case analysis . This article discusses five aspects . The first chapter introduces the separation of major the secondary business restructuring macro background and topics considered ; Overview of the second chapter introduces the peel with discrete , property rights and corporate property rights system , the principal-agent theory ; Chapter III discusses the state key obstacle to the content and objectives of the secondary industry restructuring , the restructuring of state - owned secondary business characteristics of the construction industry , the state-owned buildings and auxiliary industry restructuring status quo ; Chapter four ways from the introduction of foreign investment , private capital , ESOP and management buyouts . explore diversification of property rights of state-owned buildings and auxiliary industry restructuring and their pros and cons ; fifth chapter, the introduction of foreign strategic investors in the construction of the Second Board company , diversify their ownership restructuring cases based on the analysis of the building and auxiliary industry property rights diversify restructuring successful practice .
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