The essential reason for low X-efficiency of state-owned enterprises is immanent disfigurement of governance structure caused by property right. 国有企业非资源配置低效率的根本原因是由产权性质导致的国有企业治理结构的内在缺陷。
Corporate governance culture is part of the corporate culture and different cgc will have different impact on corporate governance. 摘要企业治理文化是企业文化的有机组成部分,不同的治理文化会对企业治理结构产生不同的影响。