| Summary: | 碩士 === 國立臺北大學 === 公共行政暨政策學系 === 102 === China became one of the World Trade Organization (WTO) members in 2001, in accordance with the provisions of the World Trade Organization, China have to open its domestic market fully, it can’t depend on its low- technology and low-cost labor to sustain its economic growth anymore. So Chinese leaders proposed the “Going Out” strategy that the government-led to overcome the impact when China was admitted to WTO. It is a way to expand its exports and promote the growth of its economy, and Chinese enterprises could improve its management and the levels of technical by international cooperation or international investments.
However, the members of “Going Out” are mostly the China’s state-owned enterprises but one-third of them are not profitable from the transnational operations according to the official data. Most of the traditional analyses of economic factors and security strategies provide an insufficient foundation for understanding the recent surge in overseas expansion of China’s SOEs, and it can’t explain further about the current performance of state-owned enterprises’ fault and the financial losses .
Therefore, the dissertation focuses on the internal institutional structures within China, and based on the principal-agent theory and with the administrative bureaucracies, fragmented bureaucratic principals, as well as managerial dual identities and bureaucratic control in China’s state sector. This study also adopts document analysis and historical analysis, discussing how State agencies and State-owned enterprises taking advantage of its own autonomy and functions to carry out State-owned enterprises transnational mergers under the existing system of political and economic development in China. Moreover, by taking Ministry of railways of the People's Republic of China and the railway-related enterprises as well as China National Petroleum Corporation as two representative cases. Above the three factors how to affect the principal-agent relationship between the China’s SOEs and the Chinese central government, as well as the China’s SOEs agenda setting and the results of “Going Out”.
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