摘要
国有资本的信用等级是其所具有的独特优势,它能使企业突破自身资产积累速度限制、促进生产力发展。国有资本的信用等级来自其良好的无形资产,来自国企员工队伍"优良精神"以及对我国市场经济的适应性。文章依据国有资本的信用优势和私有资本的效率优势,构建经济模型计算了企业国有股权比例的理论最优值。以微观企业为样本,考察了国有股权比例对企业信用等级和经营效率的影响。研究结果发现,国有股权能显著提升企业的信用等级;同时,国有股权比例在理论最优值附近时能最大化企业经营效率。
The credit rating of state-owned capital is its unique advantage, which can make enterprises break through its own assets accumulation speed limit and promote the development of productivity. The credit rating of state-owned capital comes from its good intangible assets, from the "excellent spirit" of the staff of state-owned enterprises and the adaptability to China’s market economy. This paper is based on the credit advantage of the state-owned capital and the efficiency advantage of private capital to construct an economic model to so as to calculate the theoretical optimal value of the proportion of state-owned shares in enterprises. And then the paper takes micro enterprises as samples to investigate the influence of state-owned equity ratio on enterprise credit rating and operating efficiency. The research results show that the state-owned equity can significantly escalate the credit rating of enterprise, and that meanwhile, when the proportion of state-owned equity is in the vicinity of the theoretical optimal value, it can maximize the operating efficiency of enterprise.
作者
熊鹰
Xiong Ying(School of Economics,Shanghai University of Finance and Economics,Shanghai 200082,China)
出处
《统计与决策》
CSSCI
北大核心
2019年第22期176-179,共4页
Statistics & Decision
基金
国家自然科学基金资助项目(71661137004)
国家社会科学基金重大项目(I5ZDA008)
关键词
信用
混合所有制
国有资本
credit
diversified ownership
state-owned capital
