Research On Institutional Transplantation Of China's Corporation Institutional Change In Modern Times

Enterprise is the cell and important unit of modern economic society. It is the base and crux of economic development. Corporation is higher organization form of enterprise. A corporation is a nonhuman entity which is established by the shareholders according to the laws to make profit. It was corporations' establishment and development in modern time that had made Western Worlds rapidly develop. As Karl Marx had said that if must wait for someone accumulating enough money to build railways, we are afraid that we have no railways today, while corporations can do it in an instant.We have reformed and opening up for 30 years, there got a lot of splendid improvement, and there are still some problem waiting to solve. Perhaps the most intractable and difficult problem is how to establish the modern corporation system, especially how to change the large-scale state-owned firms to modern corporation. It attracts many economists. They introduced the road of western corporation's development and change for reference, but ignore that there are corporations in modern China, they had develop for about one hundred years, and they also transplanted the western corporation institutions. History is the best teacher, and historical experience is the most valuable wealth history gave us. So it will be valuable for both academic study and real life to systematically review and study the change of corporation institution in modern China, dig the reason and logic of the change and sum up the history experience of institutional transplantation.We build a framework of transplanting institutional change, and use it to explain the reson, the process and the logic of China's corporation institutional change in modern times by combining the historical analysis method with the logical reasoning method, the concluding method and deducting method, the collectivism and individualism in method. And we conclude that other institutional factors pertaining to the transplanting one are both the baffling and stimulating factors for success; innovative institutional adjustment is the fundament; persistent learning is the bedrock; and the government who has the same goal with the society and prop up the corporation's development is the gurantee for the success.The paper has seven chapters. The first is introduction. The second is the framework of transplanting institutional change based on the theory of institutional change. The third is analysizing the reasons of institutional transplantment of China's corporation in Modern times, which includes demand of the institution and the distance between original institution and objective one. In the fourth chapter we discuss the expected cost and revenue of businessmen and the government to explore the reason why the government selected license corporation institution which is supervised by the government offical and managed by businessmen, and to evaluate the transplanting result. In Chapter Five, we talk about that as the deposit of knowledge increases, other institutions pertaining to the transplanting one changes, and the balance between government and chamber of commerce incline to the latter, the corporation institution changed, and the license corporation institution was replaced by lawism. That is to say the transplanting is successful comparing with the license one. In Chapter Six, we analyse the reason why the development of China's corporation institution turn back, which make the institutional transplantment of China's corporation in modern times fail. And the last one is the conclusions and suggestions.