國立臺灣大學政治科學論叢

Abstract / Chinese PDF Download

Corporatization  is  one  of  the  ways  in  which  to  bring  about  privatization  inrestructuring   state   owned   enterprises.      In   the   case   of   Taiwan   RailwayAdministration,  although  the  railway  administration  authority  shouldered  publictransportation  responsibility  and  huge  debts,  multi  real  estate  was  not  effectivelydeveloped  because  of  factors  such  as  limitations  from  the  railway  act  and  theliquidation  of  public  facilities  and  state-owned  land.    This  article  first  discusseshow different formats of corporation policy affect the efficient utilization of assets.Asset structure theory is used to set up asset objective function.    It can be seen thatthe handing over of all assets to the government could clean up historical debts andenhance  social  welfare  and  asset  utilization.  In  other  words,  although  someliterature  maintains  that  the  “infrastructure  model”  has  potential  for  earningsaccumulation,  based  on  the  use  of  the  Self-liquidation  ratio  to  identify  therelationship  between  asset  structure  and  government  regulation,  the  induction  of“road model” could restructure asset/debt and subsidy.    This would even create aricher   property   return,   thus   avoiding   railway   operation   solely   being   thegovernment‘s financial burden.