Abstract:

Building on the explanation of the significance and implications of realizing the value of the state-owned forest and grassland resources assets,this study explores four dimensions of asset value realization under the conventional natural resources management system:rights protection,implementation strategies,asset valuation,and property certificate.Commencing with the establishing and enhancement of the principal-agent mechanism of the state-owned natural resources asset.It proposes a systematic framework and strategic measures to build a hierarchical agency that ensures owner accountability,comprehensive asset allocation,precise asset management,and an enriched framework of rights.Aiming to furnish both theoretical and practical guidance for enhancing the value of the state-owned forest and grassland resources asset through the perspective of the principal-agent mechanism.The study combines the typical case of the Qishan grassland financing model to analyze the operational path and institutional mechanisms for optimizing asset value realization.This is intended to establish a theoretical foundation and contribute practical insights into the asset value realization of state-owned forest and grassland resources.

Key words: the principal-agent mechanism, the state-owned forest and grassland resources asset, ownership, value realization, Qishan grassland