Having the characters of corporate property right and administration,Chinese state-owned enterprises (SOE) are similar to Japanese and German enterprises. Thus, Chinese SOEs could implement the mutual governance. It was proved using overlapping generation model that rent-seeking of the managers would be limited well by the mutual governance. There being the conflict between the two control systems in Chinese SOEs,dominant managers in the enterprises could deteriorate the mutual governance.
杨梅英. 经理交替模型与我国国有企业治理模式分析关键[J]. J4, 2006, 3(5): 569-.
YANG Mei-Ying. Overlapping Generation Model and Corporate Governance Mechanism of the State-Own Enterprises in China. J4, 2006, 3(5): 569-.