企业性质新论:要素产权与企业产权之交易契约的履行过程

从交易对象看，要素所有者与企业之间的交易是一种产权交易，而不是要素所有者单方面转移要素使用权，要素所有者分享到的企业收益是其行使企业产权的报酬。企业性质是要素产权与企业产权之交易契约的履行过程。履行产权交易契约，在一级市场上表现为．要素所有者投入要素而换取企业产权，以创立企业；在企业内部表现为，具体安排和执行企业产权的权利，以确保企业运营和收益合理分配。在二级市场上表现为，产权交易契约的部分解除与重建，即部分企业产权在同类要素所有者之间的交易或转移以及部分要素（资产）的更新。

New Issue on Corporation Character: The Perform Process of Exchange Contract on Property Rights of Factors and Corporation

The exchange both factor owners and corporation is a exchange of property fights, but not that factor owners all alone transfer the use fight of their factor to the corporation. Performing the exchange contract of property fights, on No. one market puts up that factor owners put their factors into corporation to set up a corporation, and inside a corporation puts up that factor owners each other concretely arrange and enforce corporation property fights to insure a corporation run, and on No. two market puts up that part corporation property fights are transferred and that part factors are updated.