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Journal of Humanities, Arts and Social Science

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ArticleOpen Access http://dx.doi.org/10.26855/jhass.2024.02.009

Analysis and Discussion of the Problems in the Process of State-owned Enterprise Reform

Zhilian Wu

School of Economics and Resource Management, Beijing Normal University, Beijing, China.

*Corresponding author: Zhilian Wu

Published: March 27, 2024

Abstract

The reform of state-owned enterprises is an important aspect and a central focus of the socialist market economy reform. State-owned enterprises are categorized into monopolistic and competitive entities. Some state-owned enterprises with natural monopolies require a high level of government supervision and policy support, while other state-owned enterprises with low industrial concentration need to relax control to enable them to actively engage in market competition. At present, China's state-owned enterprise reform has entered the fifth stage of mixed ownership reform. With the intervention of non-state capital and the marketization of state-owned enterprises, the economic performance of state-owned enterprises has also improved, enabling them to better fulfill their social responsibilities. However, at both theoretical and practical levels, the reform of state-owned enterprises still encounters numerous challenges. These include policy burdens and insider control, employee incentives and innovation development, management buy-outs, and the loss of state-owned assets. This paper ar-gues that state-owned enterprises still need to deepen market-oriented reforms, especially focusing on internal incentives and innovative development issues, in order to continuously enhance the operational efficiency of enterprises.

Keyword

State-owned enterprise reform, policy burden, employee incentive, management buy-out

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© 2024 by the author(s).
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives (CC BY-NC-ND) license, which permits non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited and is not modified or adapted.
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How to cite this paper

Analysis and Discussion of the Problems in the Process of State-owned Enterprise Reform

How to cite this paper: Zhilian Wu. (2024) Analysis and Discussion of the Problems in the Process of State-owned Enterprise Reform. Journal of Humanities, Arts and Social Science8(2), 345-349.

DOI: http://dx.doi.org/10.26855/jhass.2024.02.009