Title: Research on the transaction cost of the reform of state-owned enterprises
Abstract: From the perspective of transaction cost of new institutional economics, the benefits of enterprises in market trading are studied.But state-owned enterprises with government nature have not only brought benefits but also brought costs.Therefore, this paper argues that the existence of state-owned enterprises is inevitable from the perspective of transaction cost, and the inevitable result of state-owned enterprises' participation in market competition and the reform of state-owned enterprises.