中国上市公司收入分配与所有权结构的实证分析

An Empirical Study of Ownership Structure and Corporate Income Distribution in China Stock Markets

从公司收入分配角度研究不同所有权性质公司的企业利益和员工利益,研究发现不同所有权结构的企业生产效率差异不大,私有企业的企业利益优于国有企业,国有相对控股企业和私有相对控股企业的企业利益与员工利益相对较好,混合制企业的生产效率可能较低,企业利益与员工利益也相对较差。没有发现支持国有控股企业有大量冗员的证据,国企改革取得部分成功。

The paper studies the interests of firms with different ownership structures and the interests of its employees from the perspective of the distribution of firms＇ income. It was found that there was little difference in the efficiency of productivity for corporations with different ownership structures. Private - owned firms were more profitable compared with state -owned firm. Firms relatively controlled by private entities or state were relatively profitable and distributed more interests to their employees compared with other firms. Mixed firms performed the worst in both productive efficiency and the interests of the firms and the employees. There was no evidence of overstaffing in state - owned firms.