Notice of RetractionA study on financial-rights allocation under the financial crisis condition: Some new perspectives

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

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After the discussion of the connotation and the value direction of property rights under the financial crisis condition, we find out that financial-rights can be divided into general financial-rights based on corporate fair and residual financial-rights based on corporate efficiency by the completeness degree of contracts. financial-rights can be expressed as the combination of general financial-rights and residual financial-rights. Financial-right allocation should embody both fair and efficiency, with two value systems in essence, including general financial-right allocation with fair and residual financial-right allocation with efficiency. In practice, a certain financial-right allocation is in the balance of fair and efficiency. Given a certain financial-right, if the general one in it becomes superior, it should demonstrate more fair in arrangement, otherwise, more efficiency. Based on this, we developed the Optimal Financial-rights Allocation Rule theory, which is very good to improving enterprises´ performance.