工业增长与企业盈利水平的因果关系分析

Causality Analysis on Industrial Growth and Corporate Profits

追求高利润是企业扩大生产、增加投资的根本动机,同时又有利于经济增长。研究表明,利润的较快增长会推升工业投资与工业本身的增长。反过来,工业增长虽不必然导致企业盈利的增加,但实际上利润的增长也需要以一定的工业增速为前提。当前中国经济增长进入中高速时期,保持一定的利润水平是实现转方式调结构的基本要求。因此,要大力发展混合所有制经济,提升技术创新能力和管理水平,增强企业发展的"软实力",成功实现增速"换挡期"的盈利模式升级。

This paper finds that the increase of profits will promote the increase of industrial investment and industry itself accordingly.On the contrary,industrial increase will not necessarily lead to profits of enterprises,yet actually,the increase of profits needs to set industrial increase as premise.In the period of middle-high economic increasing speed,it is essential to keep in a certain degree of profits for structure adjustment.Therefore,China has to develop mixed ownership economy and boost core competitiveness of enterprises to upgrade profit pattern.