要素市场化配置与国有企业混合所有制改革——基于商品市场一体化的视角

Factor Allocating Marketization and the Mixed Ownership Reform of State-owned Enterprises:Based on the Perspective of Commodity Market Integration

完善要素市场化配置体制机制是全面建设社会主义现代化国家的关键动力,更好地做强做优做大国有资本与国有企业构成新时代全面深化改革的关键环节。本文研究区域要素市场整合对国有企业混合所有制改革的影响及其内在机理,研究发现:在区分股权制衡和高层治理的双重维度下,要素市场整合可以通过缓解信息不对称、规范政府干预以及改善经营管理的路径促进当地国有企业的混合所有制改革,进一步研究表明上述影响在地方国有企业和竞争行业国有企业中更为明显。本文不仅对决策高层统筹运用“看得见的手”和“看不见的手”来深化国有企业改革具有政策参考价值,而且对要素市场化配置和国有企业混合所有制改革的学术研究进行了有益补充。

Improving the market-oriented allocation system of factors is the key driving force for the comprehensive construction of a modern socialist country.Better,stronger and larger state-owned capital and state-owned enterprises constitute the key link in the comprehensive deepening of reforms in the new era.And this paper studies the influence and internal mechanism of regional factor market integration on mixed ownership reform in state-owned enterprises.It finds that under the dual dimensions of distinguishing equity balance and high-level governance,factor market integration can promote mixed ownership reform of state-owned enterprises by mitigating information asymmetry,regulating government intervention and improving corporate business management activities.Further research shows that the aforementioned effect is more obvious in local or competitive state-owned enterprises.Therefore,this paper not only provides policy reference value for the decision maker to use the“visible hand”and“invisible hand”to deepen the reform of state-owned enterprises,but also has a beneficial effect on the academic research about the regional factor market integration and the mixed ownership reform of state-owned enterprises.