对我国国有企业治理机制的深层次思考

Further Consideration of the Mechanism in Our State-owned Enterprise Adminstration

本文通过对国有上市公司业绩水平与资源配置状况的分析 ,深入分析了国有企业治理机制的内在缺陷与外在缺陷 ,并在此基础上提出了自己的政策性建议。

There are two schools of thought on the reform of Chinese state enterprises that argue either that nothing can be done about their reform or that nothing needs to be done. The former argues that bureaucratic resistance will torpedo reform. The latter argues that state enterprises will disappear naturally as collective and private small firms out compete them. Neither view is very realistic in the Chinese case. Ultimately China will have to successfully reform state-owned enterprises in order to achieve continuing high growth. Reforming these enterprises is difficult, however, because so many different and interrelated changes must be made. For the external environment of state enterprises, there must be fundamental changes in financial markets, the tax system, the legal, regulatory and accounting framework, and the worker welfare system. Internal to the enterprise there must be the creation of some kind of property rights plus a revamping of the internal incentive structure of the enterprise. JEL Classification #s: K2, L2, P0.