Research on Government Regulation: From the Perspective of Business Environment Governance

Abstract

Government regulation in business environment governance is similar to the narrow sense of “economic regulation” in the foreign context and the “big” regulation of “approval + regulation” in the domestic discourse. It refers to the government’s treatment and correction of market failure in the micro- economic field before, during and after the event. The efficiency and quality of government regulation are the influencing factors of government regulation. The implementation of government supervision reform will help to improve the efficiency and quality of government supervision, and then help to reduce the institutional transaction cost of market subjects such as enterprises, which is an important symbol of the improvement of business environment governance performance. In this sense, the reform of government regulation is the key dimension to understand the governance of business environment.