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《Hebei Academic Journal》 2001-01
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On the Moral Hazard and Institutional Innovation of State-Owned Enterprises

LI Chong (College of Economics, Beijing Normal University, Beijing 100875, China )  
Moral hazard is a kind of phenomenon which often takes place in economic and social activitics. It is also one of the factors which hinder the development of state-owned enterprises. In this article, the author points out that the institutional cause of moral hazard is the blur of property rights and puts forward how to reduce the moral hazard by the definitudes of property rights and the improvement of corporate governance structures.
【CateGory Index】: F276.1
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