关键资源基础、国企扩张与煤炭资源整合价值效应分析

Critical Resource-based,State-owned Enterprise Expansion and Wealth Effect of Coal Resource Integration

从不完全契约理论中权力配置资本的视角出发,数理分析了政府和管理层作为企业关键资源的实际掌控者,如何通过关键资源配置影响煤炭企业的扩张饥渴和产能过剩,并通过实例分析验证煤炭资源整合中是否存在国企扩张以及其对整合价值效应的影响,并据此提出在"政府引导、市场运作、科学管理"的原则下适度控制煤炭产业规模。

From the view for the right to allocate capital in the incomplete contract theory, this paper had a mathematical analysis of the government and the manager, who played roles as actual controllers of the critical resources, about the way to affect the hunger of expansion and the excess production capacity in the coal enterprises by property distribution. Meanwhile it also proposed to control the scale of the coal enterprises appropriately in the principle of ＂government guiding, market operating, scientifically managing＂.