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Institutional Cause of Change in Joint Stock Cooperative System and its Practical Significance
Author(s): 
Pages: 76-83
Year: Issue:  6
Journal: Journal of Fujian School of Administration and Fujian Institute of Economics and Management

Keyword:  Cooperative enterpriseCommunity stock cooperative systemResource allocationCorporate governanceProperty right system reform;
Abstract: Historical contribution of the joint stock cooperative system should not be ignored in the transition of China’s rural economic institution .The stock cooperative system is not a fashionable im-port ,but an outcome of the first social and economic transition in Chinese specific period of time ,w hich was created in the practical reform by the broad masses of the peopleand thus has broad social and eco-nomic base .At present ,as the rural social and economic reform further deepens ,and local pilot and further promotion is underway in the reform of rural property right system ,which starts from land transfer ,citizenization of the peasants and the new type of urbanization ,some disadvantage has become increasingly prominent such as crystallized stakes ,self-isolation ,extensive management and lack of ca-pacity for future economic growth .These defects objectively influences the institutional performance and reform bonus release .Stock cooperative system ,a sub-system ,is actually a transitional choice .From the perspective of perfecting the top design in property right system reform ,the shareholding system is the mainstream and direction in our economic life .
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