Characteristics and Generation Mechanism of Equity Disputes in Rural Stock Cooperative Economy
DU Yuan-yuan1,2
1.Institute of Agricultural Economics and Rural Development, Guangdong Academy of Agricultural Sciences, Guangzhou, Guangdong, 510640; 2. South China Key Laboratory of Urban Agriculture, Ministry of Agriculture and Rural Affairs, Guangzhou, Guangdong, 510640
Abstract:It is generally believed that the collective appeal to a clear boundary, the imperfect property rights system, and the conflict between the law and the village rules are the main reasons for the rural equity disputes. A classification study of equity disputes in rural stock cooperative economy in Dongguan shows that rural equity shares are mixed with the “membership” of traditional communities, and its rights and interests have multiple characteristics, which in turn results in a distinct community-based rural equity disputes which are different from those in modern companies. Therefore, multiple equity is the trait of rural equity disputes, and community-based features are distinctive of rural equity disputes. As a result, the generation mechanism of rural equity disputes has its own characteristics, manifested in the rights of shareholders being connected with the obligations of residents, the appeal of shareholders to the rights of community members being important content of equity disputes, and the differential distribution of community welfare being hidden risk of equity disputes. To analyze and solve the causes of rural equity disputes, we should admitted the multiplicity and community-based features of rural equity in order to smoothly promote the reform of rural property rights system.