混合所有制改革的优先顺序及其影响因素——基于国家、企业与社会三方合力视角

发布时间：2018-04-24 01:14

本文选题：优序改革 + 改制动因　；参考：《产业经济研究》2017年02期

【摘要】：有序地推进国企改革是政府冲破利益固化的藩篱,稳步推进混合所有制改革的重要举措。现有国内外研究大多聚焦于政府目标来阐释国企改制成因与改革顺序问题,而忽视了政府目标形成机制的本质——国企改革是国家、企业与社会三方相互博弈的合意解。同时,中国式国企改革的最优顺序很可能随着改革深入推进和政府管理层级不同而发生变化。为此,基于上市公司2003—2014年面板数据,采用Probit模型从效率性、财政收益性和社会政治性三个维度对中国国有企业的优序改革问题进行检验。结果发现,地方国有企业效率与改制概率之间存在U型曲线关系,而国有企业冗员率与改制概率之间存在倒U型曲线关系。企业效率对改制概率的作用和冗员率对改制概率的作用间存在相互增强的关系。当国有企业存在软预算约束,所处行业市场竞争越激烈时,企业改制的可能性就越高。研究结果有助于明晰政府的职能定位,对国企优序改革的策略设计具有重要的政策含义。
[Abstract]:To push forward the reform of state-owned enterprises in an orderly manner is an important measure for the government to break through the barriers of interest solidification and steadily advance the reform of mixed ownership. Most of the existing studies at home and abroad focus on the government goals to explain the causes and order of state-owned enterprises reform, but ignore the essence of the formation mechanism of government goals-state-owned enterprises reform is a tripartite game of the state, enterprises and society. At the same time, the optimal order of SOE reform in China is likely to change with the deepening of the reform and different levels of government management. Therefore, based on the panel data of listed companies from 2003 to 2014, this paper uses Probit model to test the priority order reform of Chinese state-owned enterprises from three dimensions: efficiency, fiscal profitability and social politics. The results show that there is a U-curve relationship between the efficiency of local state-owned enterprises and the probability of restructuring, while the relationship between the redundant rate of state-owned enterprises and the probability of restructuring is inversely U-shaped. There is a mutually reinforcing relationship between the effect of enterprise efficiency on the probability of reform and the effect of the ratio of redundant personnel on the probability of reform. When state-owned enterprises have soft budget constraints and the market competition in the industry is more fierce, the possibility of enterprise restructuring is higher. The results are helpful to clarify the function of the government and have important policy implications for the strategic design of SOE priority reform.
【作者单位】：暨南大学产业经济研究院;
【基金】：国家自然科学基金重点项目(71333007) 广东省自然科学基金自由申请项目(2016A030313782)
【分类号】：F276.1;F271

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