北京市国有资本收益质量评价研究

发布时间：2018-07-15 15:40

【摘要】：党的十八届三中全会指出要“以管资本为主加强国有资产监管,组建若干国有资本运营公司,支持有条件的国有企业改组为国有资本投资公司。”北京市政府提出要“加强国有资本收益管理。指导企业加强内部国有资本收益管理制度建设,落实和维护国有资本权益。在国有企业分类工作完成的基础上,结合国有资本投资运营公司试点情况,探索国有资本收益分类收缴。”因此,研究对国有资本收益质量的评价可以为北京国有企业的功能性调整提供一些建议,对提高国有资本经营效率,加强国有资本保值增值具有积极意义。对国有资本收益质量评价的研究进行回顾,在国有资本收益方面,学者们的研究领域大多为收益的收缴、分配和监管。在对收益质量评价方面,多集中于上市公司,部分学者对国有企业的收益质量评价,但多侧重对企业绩效的考核,且更侧重财务指标,而很少有学者以国有资本为研究对象。因此,在管资本的改革背景下,对国有资本的收益质量进行合理的评价可以丰富相关理论。本文首先对国有资本收益质量评价现状进行分析,针对现有评价不足,认为国有资本收益质量评价应结合国有资本收益的特征兼顾国有资本的逐利性与公益性,从国有资本投资公司以及运营公司的国有资本运作平台为切入点对国有资本的收益质量进行评价。对于国有资本投资公司国有资本收益质量评价指标构建,结合国务院提出的对国有企业按功能界定和类别实行分类监管,将投资实业的国有资本投资公司按照北京市划分标准,分为竞争类、特殊功能类、城市公共服务类分别设计评价指标,侧重于国有资本保值增值情况、资本经营效率及社会贡献和技术创新方面评价。对于国有资本运营公司国有资本收益质量评价指标,侧重国有资本保值增值和资本运营能力指标评价。另外,选取北京市国有资本投资公司试点企业H公司作为样本,对指标体系进行测算,评价国有资本收益质量情况。最后,从政府和第三方的角度,提出几点建议,包括政府出台相关评价指标实施细则,制定并完善产业政策,发挥第三方监管作用,在价值评估等方面会提供较权威、准确的参考;利用社会舆论监督,利用民众发挥监管效力。
[Abstract]:The third Plenary session of the 18th CPC Central Committee pointed out that it is necessary to "strengthen the supervision of state-owned assets by focusing on capital management, set up a number of state-owned capital operating companies, and support the reorganization of state-owned enterprises into state-owned capital investment companies." The Beijing Municipal Government proposes to "strengthen the management of state-owned capital gains." To guide enterprises to strengthen the internal management system of state-owned capital returns, and to implement and safeguard the rights and interests of state-owned capital. On the basis of the completion of the work of classifying state-owned enterprises, and in the light of the pilot cases of state-owned capital investment and operation companies, this paper explores the collection of state-owned capital gains by classification. " Therefore, the study on the evaluation of the quality of state-owned capital returns can provide some suggestions for the functional adjustment of state-owned enterprises in Beijing, and have a positive significance for improving the efficiency of state-owned capital management and strengthening the maintenance and appreciation of state-owned capital. This paper reviews the research on the quality evaluation of state-owned capital income. In the aspect of state-owned capital income, most of the research fields of scholars are revenue collection, distribution and supervision. In the aspect of income quality evaluation, most of the scholars focus on listed companies, some scholars evaluate the income quality of state-owned enterprises, but they focus on the performance evaluation of enterprises, and more on financial indicators, and few scholars take state-owned capital as the research object. Therefore, under the background of capital management reform, reasonable evaluation of the income quality of state-owned capital can enrich relevant theories. Firstly, this paper analyzes the present situation of the evaluation of the quality of the state-owned capital income, and points out that the evaluation of the quality of the state-owned capital income should combine the characteristics of the state-owned capital income with the interest pursuit and the public welfare of the state-owned capital. The income quality of state-owned capital is evaluated from the operating platform of state-owned capital investment company and operating company. With regard to the construction of the evaluation index of the state-owned capital return quality of the state-owned capital investment company, combined with the State Council's proposal to classify the state-owned enterprises according to their functions and categories, the state-owned capital investment companies that invest in industrial enterprises are classified according to the Beijing Municipal Standard. It is divided into competition category, special function category and urban public service category, which are designed to evaluate the value of state-owned capital, the efficiency of capital management, social contribution and technological innovation. For the evaluation index of state-owned capital return quality of state-owned capital operation company, the evaluation of state-owned capital preservation and increment and capital operation ability is emphasized. In addition, H Company, a pilot enterprise of Beijing State-owned Capital Investment Company, is selected as a sample to measure the index system and evaluate the quality of state-owned capital income. Finally, from the angle of the government and the third party, some suggestions are put forward, including the government promulgating the detailed rules of implementing the relevant evaluation index, formulating and perfecting the industrial policy, giving play to the third party's supervisory role, and providing more authority in the aspect of value evaluation, etc. Accurate reference; the use of public opinion supervision, use of the public to play regulatory effectiveness.
【学位授予单位】：北京交通大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F123.7

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