国有控股上市公司负债破产威胁功效初探

A Probe into the Effectiveness of Liabilities Bankruptcy Threat of State-controlled Listed Companies

以国家股和国有法人控股在50%以上的上市公司为研究对象,根据破产威胁模型和相机治理原理,运用健康指数对国有控股上市公司负债的破产威胁功效进行分析、验证,得出了目前在我国的国有控股上市公司中,负债无法发挥破产威胁功效的结论。

Based on state- owned shares and state- owned legal person holding 50% of the listed companies for research, Under the threat of bankruptcy camera model and governance principles, use health index of state - controlled companies listed lia- bilities of the bankruptcy threat effectiveness analysis, validation, come in China＇s state- controlled listed companies, unable to play liabilities bankruptcy threat effectiveness conclusions.