产权所有制与公司绩效的实证研究

An empirical research on the relationship between property ownership and enterprises performance

国有企业一直是我国渐进式经济改革政策的着力点。但从总体上看,非国有工业企业的绩效优于国有工业企业,非国有上市公司的绩效显著优于国有上市公司。可见产权所有制性质是决定公司绩效的关键因素。因此深化竞争性行业中国有企业改革特别是国有上市公司的股权分置改革,加强公司治理是提升公司绩效的必然举措。

China＇s gradual economy reform policies have always focused on-state-owned enterprises.However, on the whole, the performance of non- state-owned enterprises is better than that of stateowned enterprises, and the performance of non-state-owned listed companies is clearly superior to that of state-owned listed companies. So property ownership is a key factor determining the performance of companies. Therefore, in order to impove company＇s performance, measures should be taken to deepen the reform of state-owned enterprises in competitive industries, especially that of the division of share equity in state-owned listed companies, and to strengthen corporate management.