Double Misplaces of SOE＇s Ownership and the Loss of Claim Rights  

作　　者：Chang-e Shen 

机构地区：[1]Xi＇an Jiaotong University

出　　处：《Journal of Modern Accounting and Auditing》2005年第5期32-38,共7页现代会计与审计（英文版）

摘　　要：Modem enterprise theory defines onterprise＇s ownership through the concepts of residual rights of control and claim to residue. It also believes that when they are in homologous, the ownership of enterprise can be arranged in the best place. When the enterprise is under normal run, shareholders are its owner, but when it goes into bankruptcy, claimers should take place of shareholders becoming the owner of the enterprise. But in China, the ownership of state-owned enterprise （SEE） goes into double misplaces. Management controls the enterprise under the normal run, which leads salaries to seize the earnings and share equities. The state who acts as the shareholder not only lessens investments but also fixes its earnings as much as possible. It gives up the claim to residue, which leads claimers to bear the enterprise＇s residual risks （when the residual income is negative）. When the enterprise goes into bankruptcy, as the shareholder, the state determines whether it can exist or not in order to maximize its own utility. Rights of claimer are being seriously damaged as they can be manipulated freely in the enterprise. Banks＇ bad debts are also in an extremely high level. In this article, the author will establish a model and use the relative data to do technical analysis.

关 键 词：ownership of enterprise residual rights of control claim to residue loss of claim rights 

分 类 号：F239[经济管理—会计学]