本文以產權理論檢視國有企業改革的困境及其原因。 本文通過對國有企業經營困境之理論解釋的逐一分析,並通過對國有企業三個階段改革策略的評估,指出國有企業改革成敗的關鑑在於產權,但改革的困境也在產權。在堅持國有制主導下,國有企業改革的出路十分有限,並將繼續陷入一種路徑依賴〈path dependent〉下的鎖定〈lock in〉效應。但若燕更國有制,則改革成本過大,社會主義公有制也將名存而實亡。
The essay examines reasons for the predicament of state-owned enterprise reform from the perspective of the theory of property-rights. Through a detailed theoretical analysis of the management of state-owned enterprise as manifested in three phases, this essay contends that the notion of proper rights is not only the determinant factor in the success or failure of the reform but is also itself the problem. The insistence on a state-directed system will lead to limited prospects for reform and will continue to trap the enterprises “path-dependent.” A wholesale change of the state-owned system is unthinkable in that the cost is enormous and such a move would lead to an end of the communal ownership system that so defines socialism.