开放资本市场:应对“三资企业”“独资化”发展倾向的策略取向被引量：29

The Opening of Capital Market:the Orientation in Making Polices in Coping with the Trend to "Three Kinds of Foreign-invested Enterprises" Becoming Exclusively Foreign-owned Enterprises in China

原文传递

导出

摘要 Logically, inevitability is the appearance of the trend to “Three Kinds of Foreign-invested Enterprises" (TKFIE) becoming exclusively foreign-owned enterprises (EFOE) run by transnational corporations in China. And the welfare analysis of this trend indicates its adverse impact upon China. We will offer in this paper the suggestion that capital market be opened and that transnational corporations be allowed to be listed in China as our policy for checking the said trend, and will elaborate the feasibility of this suggestion by three aspects: an analysis of cost-benefit after constituent companies in China of transnational corporations being listing in China; an analysis of Chinese investors’ cost- benefit; and the surplus effect that will promote the standardized growth of China’s stock markets. Logically, inevitability is the appearance of the trend to “Three Kinds of Foreign-invested Enterprises' (TKFIE) becoming exclusively foreign-owned enterprises (EFOE) run by transnational corporations in China. And the welfare analysis of this trend indicates its adverse impact upon China. We will offer in this paper the suggestion that capital market be opened and that transnational corporations be allowed to be listed in China as our policy for checking the said trend, and will elaborate the feasibility of this suggestion by three aspects: an analysis of cost-benefit after constituent companies in China of transnational corporations being listing in China; an analysis of Chinese investors' cost- benefit; and the surplus effect that will promote the standardized growth of China's stock markets.

作者华民蒋舒

机构地区复旦大学世界经济研究所

出处《管理世界》 CSSCI 北大核心 2002年第12期33-39,47,共8页 Journal of Management World

关键词资本市场市场开放上市公司中国股票市场溢出效应三资企业福利股权独资化

分类号 F832.5 [经济管理—金融学]

引文网络
相关文献

参考文献9

1田存志,熊性美.不完全信息下的跨国公司投资模式分析[J].世界经济,2001,24(4):8-12. 被引量：10
2约翰·伊特韦尔等编.《新帕尔格雷夫经济学大辞典》．经济科学出版社，1992年6月版.
3吉尔平,于广.不安全的贸易体系[J].世界经济情况,2002(1):24-29. 被引量：1
4尼尔·胡德史蒂芬·杨.《跨国企业经济学》[M].经济科学出版社,1990..
5H.赫希利弗.《转移定价的经济学分析》[J].[美]商业杂志,1956,7.
6Shleifer, A. and Vishny, R. , 1986, "Large Shareholders and Corporate Control", Journal of Political Economy ,94,pp. 461 - 488.
7Demsetz, H. and Lehn, K., 1985, "The Structure of Corporate Ownership: Causes and Consequences", Journal of Political Economy, 93, pp. 1155-1177.
8LaPorta, R. , Lopez - de- Salines and Shlelfer, A. ,1999, "Corporate Ownership Around the World", Journal of Finance, 54, pp.457-471.
9Bolton, P. and Von Thadden, E. , 1998, "Blocks, Liquidity, and Corporate Control", Journal of Finance ,Vol LIII,No 1, pp. 1-25.