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ID:51533086
大小:101.00 KB
页数:11页
时间:2020-03-22
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1、PublicenterprisesI.Conceptandnatureofpublicenterprises1.ConceptofpublicenterprisesPublicenterprises,alsocalledpublic-operatedenterprises,refertoeconomicentitiesowningthestatusofcorporateentitywhoseownershipsorcontrollingrightsbelongtothegovernmentandaredirectlycontrolledbyit.Factorsofthecon
2、cept:(1)It’saeconomicentityengaginginproductionandsalesofproductswhichprimarilyreliesonthemarkettocompensateforcosts.(2)It’saenterpriseownedbythegovernmentorthegovernmentownsthemajorityofthestock.(3)It’sstrictlycontrolledbythegovernmentwhousuallyappointstopmanagerstocontrolenterprise’sdecis
3、ion-makingprocesses.Publicenterprisesaremainlydistributedintwofieldsfromthepracticalview:Oneisthenon-rivalfield,suchasnaturalmonopolisticindustriesandmaterialreserveenterprises;Theotherispartofbasicindustriesandinfrastructuralfield,suchasmineexploitationandtrafficconstruction.2.Natureofpubl
4、icenterprises(1)PublicconceptThecharacteristicsofpublicenterprises’propertyrightsmakethemdifferentfromprivateenterprisesasthemixtureofgovernmentadministrationandenterprisemanagementbeingoneofthecharacteristics.(2)EnterpriseconceptPublicenterprisesownthestatusofcorporateentitythesameasprivat
5、eenterprises.II.LowefficiencyofpublicenterprisesGenerallyspeaking,publicenterpriseshaveLowefficiency.Themainreasons:1.FlawsofgovernancestructureInternalflawsofcorporategovernancestructureinducedbytheobscurityofpropertyrightsareessentialreasonsforlowefficiency.Propertyrightsofprivateenterpri
6、seshaveeffectiveincentiveandrestraintmechanismswhileincentiveandrestraintmechanismsofpublicenterprisesbothhaveflaws.2.BudgetaryrestraintsofteningBudgetaryrestraintofenterprisereferstotherestrictivepowerexertedbythefinancialprincipleofincomeagainstexpenditureoneconomicbehaviorsofenterprises.
7、Budgetaryrestraintofpublicenterprisesaresoftened.Enterpriseswillaskthegovernmenttoallowariseinproductprices,toprovidesubsidiesfordeficits,tolightentaxburden,topermitthedefermentofrepayingloansandsoonwhenincomecan’tcompensateforexpenditure.3.Diversityofex
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