Research On The Optimal Proportion Of Mixed Ownership Reform Of Stated-owned Enterprises

In recent times,state-owned enterprises reform,especially local state-owned enterprises reform,presents a condition of the whole speed-up.While the state-owned enterprises reform has entered the deep water area,and begun to reach the level of property right in a large scale,that is,the mixed ownership reform.This is also one of the hot issues of economics.The research sets forth from macroscopic characteristics and effects of the state-owned ownership reform to microscopic analysis and demonstration of state-owned enterprises reform.This paper studies the the optimal proportion of mixed ownership reform of stated-owned enterprises.Appropriately introducing private capital can strengthen the vitality of state-owned enterprises,improve the operating efficiency of state-owned enterprises,and ensure state-owned enterprises fulfilling social responsibility.In the first,this paper combs the Chinese and foreign-language relevant documents.On the basis of previous research results,this paper sets forth the research ideas and innovation and deficiency.On the basis of classified reform,this paper takes social responsibility that state-owned enterprises should fulfil as objective standard,and bring it into analysis of mixed oligopoly model.From two-stage game analysis,this paper founds that there is certain conditions for state-owned enterprises while proceeding mixed ownership reform,not every state-owned enterprises could unconditionally proceed mixed ownership reform.Starting from the social responsibilities of state-owned enterprises,this paper use mixed oligopoly model to analyze and draw corresponding conclusions.Meanwhile,from empirical analysis of enterprises statistics between 2009 and 2016,this paper tests and verifies the theoretical conclusion.The study found that it should examine the cost of production of state-owned enterprises before proceeding mixed ownership reform of state-owned enterprises.For some enterprises with low production efficiency,it should be dealt with bankruptcy or disposal of assets,following the law of market economy.It doesn’t reach desired result that blindly proceeding mixed ownership reform for these enterprises.But for some state-owned enterprises that reach policy-threshold,it could proceed mixed ownership reform for them,and this policy-threshold is relevant to degree of reduced production cost and market that state-owned enterprises belonged to.In the process of introducing private capital to state-owned enterprises,within limits,if the state-owned enterprises take more social responsibility,they could introduce more private capital.But when these social responsibility reach some degree,it should sustain some ratio of state-owned shares.This is because that social responsibility of enterprises mainly include economic responsibility,social responsibility,ethical responsibility and charitable responsibility,if the state-owned enterprises want fulfil these social responsibility,they should improve their economic and social benefits.This paper verifies that the increase of the proportion of non state owned shares in state-owned enterprises could effectively improve strength of enterprises.