Research on the transaction cost of the reform of state-owned enterprises
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Fan Dong，Xuefeng Zheng
From the perspective of transaction cost of new institutional economics, the benefits of enterprises in market trading are studied. But state-owned enterprises with government nature have not only brought benefits but also brought costs. Therefore, this paper argues that the existence of state-owned enterprises is inevitable from the perspective of transaction cost, and the inevitable result of state-owned enterprises' participation in market competition and the reform of state-owned enterprises.
Transaction costs, State-owned enterprise, enterprise, Power supply.