竞争性行业国有企业的盈利软约束与自生能力

Soft Profit Constraint of State-owned Enterprises in Competitive Industrial Sectors and Viability

本文通过建立模型分析国有产权的外部性所必然带来的国有企业"盈利软约束"问题,进一步论证盈利软约束是造成国有企业缺乏自生能力和预算软约束的根本原因。因而解决国有企业的自生能力问题,仅消除国有企业的政策性负担是不够的,关键是通过"国退民进"的产权改革消除竞争性行业国有企业的盈利软约束。

This paper presents a model about externality of state enterprises property rights to propose that state-owned enterprises exist instinct of soft profit constraint. In order to raise state-owned enterprises' viability, at first, we should reform the property rights of state-owned enterprises to release the soft profit constraint. It is not enough only release policy burdens.