A Study of the Relation between Market System Evolution and Enterprise Institution Change


Market system experienced two stages: classical market system and modern market system. In the meantime, enterprise institution also achieved a great change from classical enterprise institution, company institution to modern company institution. In the evolution of market system and enterprise institution, they are restricted and promoted each other showing the relevance of interactive optimization.

Share and Cite:

X. Gao, "A Study of the Relation between Market System Evolution and Enterprise Institution Change," Modern Economy, Vol. 3 No. 4, 2012, pp. 392-395. doi: 10.4236/me.2012.34050.

Conflicts of Interest

The authors declare no conflicts of interest.


[1] Y. B. Ma and R. Q. Chen, “From Two Rights Separation to Three Rights Separation: The Solution on Principal- Agent Problems in Companies,” Science & Technology Progress and Policy, Vol. 20, No. 2, 2003, pp. 44-46.
[2] M. Hua, “Capitalistic Dynamic Fore, Institutional Innovation and It’s Crisis,” Fudan Journal (Social Sciences), No. 6, 2000, pp. 1-10.
[3] F. C. Wu, “Nature of the Enterprise and Market,” Nankai Economic Studies, No. 6, 2001, pp. 26-301.
[4] C. P. Cheng and J. T. Duan, “On the Differences between Enterprise and Market,” Finance & Economics, No. 3, 2004, pp. 45-49.
[5] R. H. Coase, “The Nature of the Firm,” Economica (New Series), Vol. 4, No. 16, 1937, pp. 386-405.
[6] A. D. Chandler Jr., “The Visible Hand—The Managerial Revolution in American Business,” Belknap Press, Cambridge, 1977.
[7] Y. S. Mao, “On the Relationship between the Enterprise and the Market,” Journal of Yatsen University (Social Science Edition), No. 6, 1999, pp. 91-95.

Copyright © 2023 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.