| Author: | 赵青春 Zhao, Qingchun |
| Title: | 子公司改制上市发行对中国央企母公司经营绩效的影响研究 |
| Other Title: | The impact of share issue privatization of subsidiaries on the operating performance of the central state-owned enterprises in China |
| Advisors: | 蔣励 (FB) 黄旭 (FB) 赖慧文 (FB) |
| Degree: | D.Mgt. |
| Year: | 2016 |
| Subject: | Hong Kong Polytechnic University -- Dissertations Government business enterprises -- China Privatization -- China |
| Department: | Faculty of Business |
| Pages: | iii, ii, ii, 112 pages : illustrations |
| Language: | Chinese |
| Abstract: | 改革开放30多年来，国有企业改革始终是我国经济体制改革的重要内容。纵观国有企业改革发展历史，国有企业改革始终围绕发展混合所有制，例如推动国有企业子公司的改制上市。这其中，中央企业在中国国有企业改革中发挥着重要作用，同样也伴随着央企子公司在资本市场的风生水起。然而，是否由于央企子公司改制上市变化影响着央企母公司的发展，这是一个当前未曾探讨的问题。本文将弥补研究中央企业和其上市子公司的影响关系的空白。通过研究发现，首先，子公司的部分改制上市能一定程度上改善公司的治理结构，强化公司的监管水平，提升公司的市场竞争意识。特别是，子公司改制上市对央企母公司改制上市贡献程度与央企母公司的经营效率呈明显倒U 型曲线关系。另外，子公司改制上市时间与央企母公司的经营效率也有明显的正线性关系。此外，对于子公司改制上市对母公司的影响也是存在差异的，所以还需划分不同研究维度，例如资本密集情况、市场竞争力、市场垄断情况、所属行业类型等。因此，对于未来中央企业的改革应以优化股权结构为最终目标，深化产权制度改革，把推进资产证券化作为发展混合所有制的主要途径。 |
| Rights: | All rights reserved |
| Access: | restricted access |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 991013563299703411.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 1.33 MB | Adobe PDF | View/Open |
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