转轨经济中国有企业的多样化经营行为

Stateowned Enterprises Diversified Behavior in China's Transitional Economy

多样化战略已成为许多国有企业谋求成长的重要手段。中国企业的多样化经营行为与目前国内特殊的、包括制度安排在内的经营环境和企业的内部条件有关。国有企业多样化投资的动因包括抓住不断增加的新投资机会、回避原有主导产业的激烈竞争、获得某些由政府提供的便利以及分散过高的风险。国有企业超越成长阶段过早开展多样化经营活动的行为可能带来一定的效率损失。

Abstract There is a trend in China's transitional economy that stateowned enterprises are establishing modern cooperative institution.Based on orthodox diversification theory,this article analyzes the phenomenon and finds several special environmental and institutional causes for such behavior.Then it further discusses what advantages and disadvantages will be brought about by these stateowned enterprises rapid diversification.