摘要
随着中国国有企业混合所有制改革的全面深化,企业运营过程中的风险承担问题也越来越受到广泛的关注。文章利用2014—2020年A股上市的国企数据,对混合所有制改革所产生的股权制衡与委派高管治理与企业自身的风险承担水平之间的关系进行深入分析与检验。研究结果表明:国企混改在整体上能够提高企业风险承担水平,国企混改对提升企业风险承担水平受到地区市场化程度的差异影响。据此,文章提出国企混改要注重完善公司的治理体系,合理确定非国有资本的股权比例以及要结合地区实情开展因地制宜的混改策略等建议。
With the comprehensive deepening of mixed ownership reform of state-owned enterprises in China,the problem of risk taking in the process of enterprise operation has been more and more widely concerned.Based on the data of a-share listed state-owned enterprises from 2014 to 2020,this paper makes an indepth analysis and test of the relationship between equity checks and balances and appointed executive governance caused by mixed ownership reform and the level of risk taking of enterprises themselves.The results show that:On the whole,state-owned enterprise mixed reform can improve the level of enterprise risk taking,and the effect of state-ow-ned enterprise mixed reform on the level of enterprise risk taking is affected by the difference of regional marketization degree.Accordin-gly,this paper proposes that the reform of state-owned enterprises should pay attention to the improvement of corporate governance sys-tem,reasonably determine the proportion of non-state capital's equity,and take measures according to local conditions according to regi-onal conditions.
作者
郭媛丽
仪强
GUO Yuan-li;YI Qiang(School of Social Development and Public Policy,Fudan University,Shanghai 200433,China;School of Economics and Management,Beijing University of Science and Technology,Beijing 100083,China)
出处
《技术经济与管理研究》
北大核心
2021年第11期52-56,共5页
Journal of Technical Economics & Management
基金
国家社会科学基金一般项目子课题(19skz0103)。
关键词
混合所有制
地区差异
风险承担
国有企业
Mixed ownership
Regional differences
Risk taking
State-owned enterprises