The principal-agent problem in state-owned enterprises under the background of double carbon target
The Carbon Peak and Carbon Neutrality Goals is the top level design of our country in the future period of so-cial and economic development model of the major strategic planning,its realization needs the broad participation of social subjects.The active participation of enterprises,especially state-owned enterprises which occupy an important position in our economy,is an important way to achieve this goal.The current system is not clear on the choice of"public welfare"or"profitability"in the positioning of state-owned enterprises.The pursuit of"public welfare"with unclear connotation and de-viation from"profitability"will not only lead to the failure of state-owned enterprise governance and aggravate the principal-agent problem in state-owned enterprises,but also reduce the innovation enthusiasm of managers,resulting in the down-turn of entrepreneurial activities in state-owned enterprises.In order to improve the modern enterprise system and enable market entities to fully participate in the realization of The Carbon Peak and Carbon Neutrality Goals,it is urgent to clarify the specific connotation of the"public welfare"responsibility and control its adverse impact on the agency cost of state-owned enterprises within a reasonable range.On this basis,the reform plan of the state-owned assets creditor's right sys-tem can also be considered to further reduce the agency cost of state-owned enterprises.Remove obstacles to innovation by state-owned enterprises.
the carbon peak and carbon neutrality goalsstate-owned enterprise reformprincipal-agent problem