Research On The Supervision & Management Of Administrative Institutional State Assets

Traditional management of administrative institutional state assets is based on the theories of public ownership system and planned economy and implements a highly centralized management system under which the assets are owned by the state, supervised and managed by government at different levels and occupied and used by the institutions. This has resulted in weakened ownership, displaced management and uninhibited use and led to an unsmooth supervision and management system for administrative institutional state assets, ambiguous property rights and low efficiency. With the establishment of the market economic system and the transformation of government functions in China, there is a need to reform the traditional management system for administrative institutional state assets, in order to straighten the system mechanism, reduce administrative and operating costs, and improve the efficiency of public services. This paper adopts a research methodology which combines normative and empirical analyses, uses the property rights economics as the primary theoretical tool and combines public economics and the commissioned agency theory to analyze the existing problems of China's administrative institutional state assets and present policy recommendations regarding the establishment of a brand-new supervision and management system for administrative institutional state assets.This paper consists of five parts:Part I, on the basis of elaborating on the modern theory of property rights, provides an analysis of the nature of public properties of administrative institutional state assets and the principal relations of property rights, asserting that the focal point of the research on the supervision and management of administrative institutional state assets is a supervisory and managerial requirements of the modern theory of property rights for public property rights.Part II provides a comprehensive analysis of the existing problems of the traditional management system for administrative institutional state assets on the macro, medium and micro level, arguing that it is the restraint of the traditional management system arrangements that has led to the ambiguous property rights of administrative institutional state assets, the coexistence of weakened ownership, displaced management and uninhibited use, and low efficiency of asset supervision and management.Part III conducts an empirical analysis of the model for reforming the management of domestic administrative institutional state assets as represented by Nanning City, provides a summary and analysis of the experience of foreign governments in managing assets, and sums up the empirical experience of domestic...