中美上市公司国际竞争力研究——基于高端制造业和信息技术业的实证分析

Research on International Competiveness of Chinese and American Listed Companies——Based on High-End Manufacturing and IT Industry

深入研究我国高端制造业和信息技术业(IT业)上市公司的国际竞争力对顺利实施《中国制造2025》规划尤为重要。本文选取中美两国高端制造业和IT业共106家上市公司作为研究对象,运用因子分析法对两个行业上市公司的国际竞争力分别做出评价。研究结果表明,中国上市公司与美国上市公司仍有较大差距,IT业差距更加明显;市场规模、盈利能力、内部人激励等因素对国际竞争力的影响较大;美国公司在上述因素中优势较为明显,中国上市公司的优势则集中在股权集中度、成长能力、市场表现等方面。

A precise understanding of the listed companies＇ international competiveness is critical for the implementa- tion of ＂Made in China 2025 Strategy＂. In this paper, data from 106 listed companies from high-end manufacturing and in- formation technology （IT） industry are collected to analyze their international competiveness by using factor analysis method. The result shows that： first, there is considerable gap in international competiveness between Chinese and American listed companies is dominated, with that in IT industry more obvious; second, several factors, such as market scale, profitability, in- siders incentive and so on, are more influential in China; third, American listed companies do better in the factors mentioned above, while Chinese listed companies have advantages in ownership concentration, growth capability, market performance and the like.