Impact of State-Owned Capital Participation on ESG Performance of Private Enterprises

As global investors and stakeholders increasingly prioritize environmental,social,and governance(ESG)performance,corporate social responsibility and sustainability have become crucial factors in determining corporate success.In the context of China’s robust economy,the involvement of state-owned capital exerts a profound impact on the ESG performance of private enterprises.This paper,starting from the perspective of ESG,analyzes how state-owned capital participation influences the ESG performance of private enterprises.Additionally,it proposes recommendations for the involvement of state-owned enterprises in private enterprises,aiming to foster the sustainable development of private enterprises and enhance their social responsibility.

Research on Mixed Ownership Reform of State-Owned Enterprises from the Perspective of Marxist Political Economy

Under China’s socialist system,state-owned enterprises are key forces driving the economic trajectory and providing strong momentum.These enterprises not only bear the crucial responsibility of advancing the process of national modernization but also serve as the core of the national economic lifeline through their irreplaceable status and function amidst changing times.In the new era,with the advent of the technological revolution and the wave of globalization,state-owned enterprises face unprecedented opportunities and challenges.As a significant aspect of state-owned enterprise reform,the mixed ownership reform is not only a transformation in the structure of enterprise ownership but also a reflection of China’s broader,comprehensive reform efforts.By deeply advancing this reform,it will help optimize the allocation of state-owned assets and significantly boost technological and management innovation within state-owned enterprises,ensuring their competitiveness in the intense market environment.Therefore,this paper will conduct an in-depth analysis of the mixed ownership reform of state-owned enterprises from the perspective of Marxist political economy.

Mechanism of Impact of Entrepreneurial Spirit on the Development of Small and Medium-sized Private Enterprises in China

As a necessary factor for a successful business,entrepreneurial spirit is an important means for enterprises to survive in the unstable environment of fierce competition. Under the circumstance of mass entrepreneurship and innovation,a large number of small and medium-sized private enterprises have emerged in all walks of life in China. This paper examines the differences in the definition of entrepreneurial spirit by different scholars,the influence of Chinese entrepreneurship on the development of small and medium-sized private enterprises,the origin of the spirit of private entrepreneurs with Chinese characteristics,and the disadvantages of the spirit of small and medium-sized private entrepreneurs in China. It is necessary to further improve entrepreneurial spirit to contribute to the development of small and medium-sized private enterprises and help China to build the national economic system.

Study on Principal-agent Mechanism in Chinese Private Enterprises

Based on the principal-agent theory, this paper analyzes the current situation and the developing trends of Chinese private enterprises. It points out the obstacles confronted by Chinese private enterprise in setting up the principal-agent mechanism and proposes the corresponding solutions to these problems.

Mechanism of Interaction between Entrepreneurial Spirit and Growth of Small and Medium Sized Private Enterprises

In the context of government appeal of " mass entrepreneurship and innovation",all areas launched the movement of " mass entrepreneurship" and " grassroots entrepreneurship". As parts of vitality of China's market economy,small and medium sized private enterprises become grassroots of market competition in talents,funds,and technologies. This paper combined three levels of entrepreneurial spirit and small and medium sized private enterprises,studied acting mechanism of entrepreneurial spirit,discussed competitive power of small and medium sized private enterprises,and recommended that small and medium sized private enterprises should cultivate core competitive power,adapt to external environment,and create external environment support,to realize sound development.

The Road Map for Top 500 Chinese Private Enterprises

Since 1998,the Economy Department of All-China Federation of Industry & Commerce (ACFIC) have been carrying out an annual nationwide survey on private enterprises . By the end of 2006, seven surveys have been completed . Based on these survey results, this article analyzed the development situation of top 500 Chinese private enterprises in terms of scale and efficiency,income distribution,regional distribution,industrial distribution and professional distribution,and proposed suggestions on their development.

Private Enterprises Become A Major Force in Targeted Poverty Alleviation

The Country Garden·Hurun China Social Entrepreneurship 2020 was issued on May 21, 2020. The report showed that under the strong leadership of the Chinese government, more and more enterprises are involved in the fight against poverty nationally. Private enterprises have become important forces in targeted poverty alleviation. On top of that, flagship enterprises have shown the trait of diversity and accuracy.

Investigation and Analysis of Henan Province Focused on Small and Medium-sized Private Enterprises Financial Present Situation

China’s small and medium-sized private enterprises plays a very important role in the process of development of the national economy in, to the development of the national economy also plays a vital role, but with the development of the times, small and medium-sized private enterprises funds, technology, personnel and other contradictions have become increasingly prominent. China’s small and medium-sized private enterprises to want to, in the face of intense competition today, seeking a seat on the development, dredge fi nancing channel is the most important, he can affect the enterprise production and management, foreign investment and the adjustment of the capital structure. So properly solve the enterprise fi nancing problems is of great signifi cance. Henan Province as a new rising big province, its economic potential without limit, in this paper, based on the fi nancing situation of small and medium-sized private enterprises in Henan Province and fi nancing diffi cult problem of, and combined with related literature, to explain its existing problems and analysis to explore the related reasons, the proposed for solving measures.

Countermeasures to promote the international development of Shanghai private enterprises

after 30 years of development, private enterprise has become an important pillar of our national economy.With the accelerated process of economic globalization, the private enterprises will face more intense competition in the domestic market. At the same time in order to obtain various resources, access to the vast market and foreign advanced technology, many private enterprises active or passive choice of ＂going out＂, through the international road to break the bottleneck of development.

Management mechanism and the development Strategies of private enterprises

Innovative entrepreneurial process and the development of Chinese private enterprises have striking similarities： rapid rise rapidly fading, keeping play with the creation, rise, decline, and the trilogy. Chinese private enterprises in its initial start-up phase, is always full of vigor and vitality, highly competitive and pioneering spirit, a variety of opportunities to grasp and use is always on the way. Thus achieved considerable results and performance, and with a not too long, but the fast expansion stage of development, and the rapid rise. However, after these private companies completed the primitive accumulation, while making great strides with the conditions and ability, they stopped, lost some goals and direction, showing a series of irrational behavior, even some are from decline rapidly decline.

Study on the Current Situation and Strategies of Yunnan Private Enterprises to Participate in the GMS Agricultural Cooperation

Along with the constant improvement of the greater Mekong sub-regional （GMS） cooperation mechanism, the prospect for Yunnan private enterprises to participate in the GMS agricultural cooperation becomes wider. In this background, the current situation of Yunnan private enterprises to carry out agricultural trade and investment in the GMS countries is analyzed by taking Yunnan private enterprises for example, and then the main problems are summarized, and finally rational suggestions are proposed for the government to effectively promote Yunnan private enterprises to participate in the GMS agricultural cooperation.

Analysis of the Relationship between Ultimate Controlling Shareholders and Private Enterprises＇ Business Performance

In China, major shareholders of private listed enterprise could control its production and operation by virtue of few resources which makes it possible for ultimate controlling shareholders to expropriate minority shareholders＇ rights and interests.In this paper, we studied the relationship between ultimate controlling shareholders and business performance of private enterprises based on the theory of ultimate controlling shareholders and made relevant conclusions and recommendations.

The development and management of private enterprises in conditions of in formalization

Performance of private enterprises in the social and economic activities are increasingly active, now they go into the heart from the economic, social fringes, and become the most dynamic and promising economic form of China＇s economy. With the increased competition after accession to the WTO, economic globalization requires private enterprises pay more attention to the speed and efficiency of discovery the market, distribution methods, the new generation of products, liquidity. ＂Information＂ is the most effective means to achieve speed and efficiency. Currently, private enterprise information technology has become the focus content of our enterprise information.

The Research on the Socialization Identification Models of Private Enterprises＇ Business Culture

In the development process of private enterprises, their business culture is formed in the process of the society＇s identification. Using the analytical method： CMM （Capability Maturity Model for Software）, we can divide the process into five levels： initial, internalized, extended, balanced and optimizing. For the sake of the sound development of the private enterprises, the enterprises＇ culture should be cultivated by the society standard.

Brief discussion on the financial cost management in China＇s private enterprises

With the current development and progress of the socialist marketing economy, the number of the private enterprises in our country increases constantly, and the development scale has been expanded constantly, which has become an important component for China＇s national economy, and making a huge contribution to promote the increase of China＇s national economy. In order to occupy a development location among the fierce market competition and expand the market share, the private enterprises in our country make many efforts constantly, such as strengthening and promotion of the internal management concept and the management mode, etc., which really obtains an obvious achievement and progress, however, due to the restriction of the various reasons, there are still many realistic problems existing in the financial cost management for the private enterprises, which restricts the sustainable, modern and scientific development step greatly, for the method on improving the financial cost management level in China＇s private enterprises and the guarantee of the pertinence and the efficiency for the financial cost management measures to be implemented in the private enterprises, it becomes the key problems which needs to be solved by the private enterprises currently.

逆向混改助力民企创新——国有资本参股对民营企业双元创新投入的影响研究

逆向混改有利于提高民营企业创新投入吗?以A股民营控股上市公司为样本考察国有资本参股的逆向混改对民营企业双元创新投入的影响后发现:首先,国有资本参股对于民营企业双元创新投入存在异质性影响,即能够显著提高民营企业开发式创新投入,而对探索式创新投入无明显作用(国企“两利一率”考核压力影响了国有资本参股对民营企业探索式创新投入的作用);其次,缓解融资约束与提高风险承担能力是上述关系的作用机制;再次,制度环境、行业竞争和技术董事数量等情境因素会影响国有资本参股对民营企业开发式创新投入的治理效果;最后,国有资本参股能够通过提高开发式创新投入的方式提高民营企业价值。通过揭示国有资本参股对民营企业双元创新投入的影响及其作用机理,回应了国有产权对民营企业创新作用的研究分歧,也拓宽了混合所有制改革思路。

企业高质量数字化转型管理:理论前沿

在相关领域理论前沿与企业实践的基础上,首先,基于数据生产要素和数实融合的中国数字经济原创思想及理论,按“基础理论—应用基础理论—应用理论”的科学研究递进逻辑,提出企业高质量数字化转型管理的研究框架;然后,归纳提炼出7个重要研究领域及关键科学问题;最后,通过与已有相关研究框架和结论的文献对话,论述该框架理论的学术价值和实践指导潜力,以期为今后的理论研究提供方向性指导。

融资可得性、融资成本与民营企业创新

作为我国科技创新中坚力量,民营企业的技术创新一直面临“融资难”和“融资贵”问题。本文在一个综合框架内探究融资可得性和融资成本对民营企业创新的影响。实证研究发现:融资可得性的提高可以显著促进民营企业创新,而融资成本的上升没有显著抑制民营企业创新;进一步研究发现,融资可得性的改善更有利于促进股权集中度高、规模小、市场化水平较低地区的民营企业创新。研究结果表明,从促进民营企业创新角度看,解决民营企业融资困境主要在于提高融资可得性;在畅通融资渠道过程中,如果交易成本增加或正常的风险溢价导致较高的融资成本,则应允许这种隐性成本外显以促进市场机制发挥作用。此外,还应依据政策效应大小,对不同类型民营企业给予不同力度的政策支持。

民营企业合规制度体系构建

企业合规制度的基点在于引导民营企业守法规范经营、促进民营经济高质量发展,效能实现的重点也在民营企业,构建体系化的民营企业合规制度具有重要价值。涉案企业合规改革为建立完整意义的民营企业合规制度体系提供了契机,但存在适用范围不清、制度成效不明、行刑衔接不畅等问题。应当推进民营企业合规制度的四个延伸,从中小民营企业合规向大型民营企业合规延伸,从治理性合规向预防性合规延伸,从行政司法外部合规治理向企业内部合规管理延伸,从刑事合规到行政与刑事一体化合规延伸,形成行刑一体、内外结合、治防兼及、覆盖大中小各类民营企业的民营企业合规制度体系。

国有资本入驻是否有助于民营企业减排

国有资本是推动经济绿色转型的重要引擎,国有资本入驻民营企业,不仅可以有效规范民营企业污染排放行为,还可以通过打破民营企业发展桎梏以赋予企业创新活力,对于实现“双碳目标”和推动中国式现代化发展具有重要意义。本文运用工业企业与绿色发展数据库的匹配数据,考察国有资本入驻对民营企业减排行为的影响。研究发现,国有资本入驻后可有效减少民营企业污染排放,并且该减排效应在大规模企业、非战略性行业与财政分权水平较高的样本中表现更为突出。机制检验发现,国有资本入驻既可以通过放松企业融资约束与提高企业风险承担能力的方式促进民营企业技术创新,还可以通过将自身所承担的政策性社会目标融入民营企业中,以强化民企的社会责任意识,最终在“技术创新效应”和“社会责任效应”共同驱动下实现污染减排。特别的,虽然国有资本入驻不利于提升企业生产率,但国有资本入驻引致的“技术创新效应”有助于推动民企实现生产效率与绿色化的兼容发展。本研究为完善企业创新激励机制、优化环境治理与实现发展方式绿色转型提供新的视角和动力。