Public sports venues owned assets management system An Empirical Study on Innovation

Abstract: This paper built on the property rights theory and institutional analysis of the study, based on agent theory, public sports venues in Shanghai's state-owned asset management, operation mechanism and other aspects of analysis, in order to establish Shanghai with Chinese characteristics and the characteristics of perfect and viable state-owned assets of public sports facilities management.

Keywords:: public sports venues state-owned assets management system innovation

Issues

Public sports venues is the people's governments at all levels to raise social capital Investment or construction, commissioned by the state department of management at all levels of sports Administration for the people to exercise and fitness training, sports competition sports venues.


Shanghai, according to the construction of the central government, "one leading three central demands," goal for urban Development to a modern international metropolis, and improve the sports facilities will undoubtedly become one of the hallmarks of a modern city. As the main front of the National Fitness , an important carrier of the sports industry's public sports facilities, at present, the Shanghai stadium management and use and people's needs and industrial Development is incompatible. With Shanghai, the deepening of reform institutions, public sports facilities are also facing the changing functions, deepen the reform challenge. Therefore, to overcome the operation of public sports venues in Shanghai defects and improve the operating efficiency of state-owned assets, standardize the management of public sports venues and revitalize this part of public sports venues sports state-owned assets, it is necessary Shanghai state-owned assets of public sports facilities management analysis to other regions in China have implications for the practice.

Shanghai State-owned asset management of public sports venues need for institutional innovation

With the rapid Development of sports industry and the general public's awareness of fitness, the Shanghai Stadium has been rapid Development, especially with the sports socialization and the accelerated process of industrialization, the growth rate of private sports stadiums even more amazing. It the fifth national census data field in the whole of Shanghai's 14,426 sports venues, the sports system, owned 380 sites, accounting for 2.63% of the total, accounted for 70.21% of private sports stadiums. Compared with the private sports stadiums, public sports venues has made tremendous Development, but remained behind the reform process stadium, the independence and vitality of the market and private sports facilities there is a certain gap.


The reason is mainly public sports venues in Shanghai basically follow the structure and mechanism of the planned economy model, the market can not meet the needs of Economic development. Although the reform process, the individual public institutions moving away from stadiums preparation, entrepreneurial and increasing the degree of the market, such as Shanghai East Asia Sports and Culture Co., Ltd., Luwan days of education Industrial Company (Luwan District Sports Centre), Lu Xun Park in Hongkou Football Stadium cum-Joint Development Corporation, the venues of the sports market, the development of rapid industrialization process , has been gradually emerging from the properties and institutions. But most of the management of public sports venues and management mechanisms are still planning system with a strong color, not free from Sports Council the nature of subordinate institutions. public sports venues in the property of fuzzy relations and the principal-agent issues, is the development of the institutional obstacles, these problems limit the public stadium vigor and vitality, resulting in inefficient operation of public sports venues, and also stimulated the management of public sports venues and innovative power.


According to the survey, 73.17% of the public sports venues that it is necessary to regard the state-owned assets management system reform, the survey accounted for the majority of public sports facilities (see Figure 1), indicating that, as with the development of market economy, public sports venues facing increasing competition and challenges, the existing state-owned assets management system has exposed flaws, there is a need for deeper reform and innovation. and establishing rules the sports industry, promoting the further development of public sports venues in Shanghai, innovative management of state assets, there are bound to change the old system of public sports venues, sports venues and create a favorable situation in the healthy operation of industry.


According to this survey, public sports venues that the implementation of the reform of state-owned assets management system can produce positive results. Of these, 29 (accounting for 70.73%) realized that the reform of public sports venues conducive to strengthening mutual cooperation; with 28 (representing 68.29%) venues that are conducive to the reform of public authorities to strengthen macro-control sports venues; have 27 (accounting for 65.85%) that the reform of public sports venues conducive to the sharing of resources, public sports venues; has 25 (accounting for 60.97%) Public stadiums chose "in favor bigger, stronger public sports venues industries"; have 20 (accounting for 48.78%) that the reform of public sports venues to the establishment of orderly competition between venues; with 15 (accounting for 36.58% ) facility that the reform of state-owned assets management system reform is conducive to generate linkage effects, the promotion of public sports venues Investment System Reform of the financial industry, as shown in Table 1, Figure 2 below.

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(A) of the modern property rights theory

Our existing state-owned assets management system of the three models

After 1988, after the state-owned assets management system reform of state-owned asset management in general can be summarized in three representative models: "Shenzhen - Shanghai" model, "Two Wings" mode, "98" mode.


"Shenzhen - Shanghai" mode. This mode of state-owned assets management system reform in China was first raised in practice, its main structure, including State-owned Assets Management Committee, the state-owned asset management holding company and the state-owned assets, shares of companies at three levels, which is usually within the meaning of the "three-level management model."

In the first level, the establishment of the SASAC, the government agency to achieve the functions of the institutions of state ownership of the assets and socio-Economic management functions of the agency separation; in the second level, the establishment of state-owned asset management companies to achieve operational functions of state-owned assets state-owned assets supervision and segregation of functions. In the second level and third level between the investor and the enterprise to achieve both the ownership and separation of corporate property rights property rights norms of modern enterprise system, but also on the basis of the separate government Administration establish a reasonable system of state assets and property rights on behalf of the system, resolved in the third level, the state-owned asset investors, "Absence" of the problem.


"Two Wings" mode. This mode is the main content of the financial sector as the main state-owned Assets Administration Bureau and the Inland Revenue Department as its "wings", centralized management of the financial sector.

"98" mode. This mode is the investor of state-owned assets were handed over ownership of the different government departments, departments are to exercise change of ownership of state assets, Investment, regulation, restructuring, personnel selection and other functions.


Public sports facilities strategy for state-owned assets management system innovation

Establishment of a "competent government department (or Guozi Ban) - the middle layer companies - public sports venues," the three levels of management, public sports venues in the clear property rights and functions of the premise, the establishment of government authorities and the commission of public sports venues agency relationship. both the supervision of public sports venues, to prevent "adverse selection" and "moral hazard" and other principal-agent problems arise, to ensure that public sports venues, the realization of the functions of public welfare, but also to give more autonomy of public sports venues , increasing the incentive for venues, sports venues of public competition in the market more dynamic.


In the first level of three levels - government departments, recommended the establishment of public sports venues sports bureau of specialized state-owned assets management department, responsible for oversight and supervision of public sports facilities increase the value of state assets, but the establishment of this body, and not in the original new structure of an administrative level, but through the form of legal contract to define its macro-control, regulatory oversight responsibilities. This policy is the key to the company's established middle layer, middle layer can be used to establish the company's three types. a in accordance with the wishes of public sports venues, free portfolio, self-restructuring, cross-regional, cross-project build the middle tier companies. The second is characterized by complex projects, large or small, industry-related construction company middle layer, so that resource sharing, the optimal allocation of resources. Third, the government led to the development of public sports venues in the business process of natural, already existing company, was transformed, and by the government as the middle layer of the company, give the middle-tier companies within the group States have the right to exercise public power sports venues, originally not part of the group's other public sports facilities management classified the middle layer.


In view of the development of public sports venues and the historical reasons of size, "three levels of management mode" should be phased, layered for. Taking into account the common characteristics of strong regional sports stadiums, the middle tier companies can take partition, classification, etc. gradually established, first select a larger scale, higher levels of enterprise, Economic good as a leader of public sports facilities, public sports venues industry group formed to integrate the resources of the venue, so that smooth communication of information, a reasonable allocation of resources to advantage to play different venues and regional advantages of the project.


References:

1. Dengmuseci (H • Demsetz). On the property rights theory [M]. Shanghai Joint Publishing, 1991
2. Fan. Classification and definition of reform of state owned assets and new ideas [J]. Chinese entrepreneurs, 2005.3
3. Chen. The Government's role in the sports market for services [J]. Sports Culture Guide, 2009.5
In modern Western Economics, property rights Economics is a branch of New Institutional Economics, a free school of thought. Property rights theory of property rights and transaction costs mainly as a conceptual basis to study the structure and arrangement of property rights and resource allocation and efficiency . modern property rights theory of property rights is a social force and implementation of a variety of uses of Economic goods the right to choose. a complete property rights, including the right to use, usufruct and transfer rights, each of which rights they can Subdivision .20 century, 80 years reform and opening up a huge development of the economy, as the economy continues to advance and deepen reform, property rights theory in our modern Western set off a wave of "hot property." In fact, the modern property rights theory of state-owned enterprise reform in China has played a useful inspiration. fourth since the Third Plenary Session of the establishment of modern enterprise system as the direction of state-owned enterprise reform and development, which marks the reform of state-owned enterprises to contract system by the operating system as the core of the adjustment phase transfer to the main content of clear property rights system innovation stage.


Property rights Economics, to reduce transaction costs, reduce social costs, improve social Economic efficiency, a complete set of scientific system of property rights is essential. To perfect the legal system of property rights has the following requirements: to be clear definition of property rights of the property rights of independence, Property Rights and the decomposition of the diversification of property rights. to property rights theory, public sports venues of Shanghai property right system, the paper that the Shanghai property right system of public sports venues obvious defects, does not meet the modern property rights theory of property right system requirements.


Specifically, public sports venues in Shanghai is essentially the definition of property rights ambiguous; lack of independence of property rights; a single property rights of public sports venues, the lack of efficient decomposition of Property Rights; circulation by the public stadium property, failure to achieve property rights in the market circulation and optimization.


(B) of the principal-agent theory

Principal-agent theory is the most important modern development of contract theory. Principal-agent theory, corporate separation of ownership and management is only the external manifestations of agency relationship, and business owners manage corporate physical capital, human capital is the business of the limitations of Transfer of operating rights owner, principal-agent relationship has been established to internal causes. This illustrates that the agency relationship in pursuit of the division of labor and scale for the purpose of the business owner due to the establishment of the agency relationship and get some results. principal-agent theory of the enterprise as businesses around the principal and agent to make a risk allocation and contractual arrangements. Although the adoption of the kinds of contractual relationships for the principal and agent can bring the appropriate division of labor and scale effects, but because of contract two goals vary, between the parties related to the distribution of the information is asymmetric, the agent may pursue their own interests in the process of maximizing damage to the interests of the client, this is the principal-agent problem. Links to Research Papers Download Center http://www.hi138.com