摘要
本文运用来自竞争性行业的451家样本企业(1994—1999年)的数据研究了改制对企业经营绩效的影响。通过产权结构作为连续变量的分析,发现国有产权对企业绩效具有显著的负作用,而非国有资本具有积极的绩效效应,其中个人资本具有最为显著的提高效益的正相关作用。在不同资本控股权的分析中,个人资本相对控股权分组的利润率显著高于国有资本相对控股权的分组,并且经营者持股比例的增加可以显著提高改善经营绩效的可能性。
Based on the 451 sample firms(1994-1999)in competitive industries from the survey data conducted by Chinese Academy of Social Sciences,the main findings are as following. Using ownership structure as the explanatory variables,the state ownership have significant negative impacts on enterprises performance and the non-state ownership have the significant positive relations on performance, in which the private ownership have most significant roles of promoting enterprise performance,and increasing the manager's share could also improve the firm's performance.
出处
《中国工业经济》
CSSCI
北大核心
2005年第3期5-12,共8页
China Industrial Economics
基金
国家自然科学基金项目"中国企业民营化的均衡模型及效果检验"(批准号70372013)。
关键词
改制
民营化
中国转轨经济
产权结构
企业绩效
gaizhi
privatization
Chinese economy transition
ownership structure
enterprises performance
