国企改制与企业盈利能力——基于倾向得分匹配倍差法的再估计

发布时间：2018-01-02 19:17

本文关键词：国企改制与企业盈利能力——基于倾向得分匹配倍差法的再估计　出处：《产业经济研究》2016年06期 　论文类型：期刊论文

【摘要】：文章对现有中国工业企业数据库进行修正,构建了规范的企业面板数据,在此基础上采用倾向得分匹配倍差法实证检验改制对企业盈利能力的影响,以减轻内生性问题造成的估计偏误,并在估计过程中考虑到了改制后非国企的具体所有制形式,这些都有助于大大提高估计结果的准确性和可靠性。研究表明,国有企业不论改制为本国非国企还是外资企业都能促进其盈利能力的提高。此外,从改制后具体的所有制形式来看,国企改制为本国非国企后盈利能力和增利持续时间都要优于外资企业。并进一步从企业的资金运转效率和存货管理能力两方面揭示了改制影响企业盈利能力的作用机制。
[Abstract]:The article of the existing China industrial enterprise database modification, constructs the enterprise panel data specification, on the basis of using propensity score matching times difference method to examine reform impact on the profitability of the enterprise, to reduce the problem of estimation is caused by errors in the estimation process, and considering the specific forms of ownership of non state-owned enterprises after the reform, which helps to greatly improve the accuracy and reliability of the estimation results. The results show that, for the restructuring of state-owned enterprises regardless of their non state-owned enterprises or foreign-funded enterprises can promote its ability to increase profits. In addition, the form of ownership after the reform from a specific point of view, the reform of state-owned enterprises after their non profitability and increase profits the duration is better than that of foreign enterprises. And further from two aspects of the enterprise capital operation efficiency and inventory management ability reveals the influence of the profitability of the business restructuring for Mechanism.

【作者单位】：西南财经大学经济与管理研究院;西南财经大学国际商学院;
【基金】：西南财经大学2015年度“中央高校基本科研业务费”博士生课题项目(JBK1507063) 西南财经大学“中央高校基本科研业务费专项资金”引进人才科研启动资助项目(16XRC032804)
【分类号】：F271;F276.1;F275
【正文快照】： 一、引言发展和民生是“十三五”规划的两大主题,转型升级成为未来发展的主旋律,其中国企改革无疑是实现经济转型的重头戏之一。我国的国企改革始于1984年,然而直到二十世纪九十年代末国企改革才真正触及到所有制问题,大刀阔斧的国企改革由此拉开帷幕。表1显示,从1999—2008年

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