Research On The Countermeasures Of Government Governing Zombie Enterprises

Since the 18 th National Congress,it has become one of the important tasks in China's economic reform.The existence of zombie enterprises consumes a lot of social resources and distort market allocation,which is not conducive to the adjustment of China's industrial structure and the improvement of economic quality.Therefore,it is of great practical significance to explore the governance of zombie enterprises.This paper explores the successful experience and failure lessons of domestic and foreign zombie enterprises,as well as the active exploration in China;the government as the entry point,reveals the necessity of government intervention in governance,and provides reference for the subsequent governance of zombie enterprises.The reasons for the formation of zombie enterprises in China are complicated and often result in the joint action of many factors.China's policy system,historical influence,economic system and other factors are the deep-seated reasons for the formation of zombie enterprises.In 2008,in response to the global financial crisis,China implemented a 4trillion economic stimulus policy.The implementation of these policies has become a direct trigger for the outbreak of zombie enterprises.After the 2015 Central Economic Work Conference,the governance of zombie enterprises was regarded as the focus of future economic work,and a series of governance policies and governance tasks were issued.However,according to the governance situation in recent years,the governance of Chinese zombie enterprises There are still many problems.Due to the particularity of China's economic system,the formation of zombie enterprises and the interests involved are more complicated.Through research and analysis,we can find that due to the imperfect mechanism of China's market exit,excessive administrative intervention,externalization of policy costs,institutional constraints and The restriction of the exit mechanism makes the governance of the zombie enterprise not proceed smoothly.Zombie enterprises are not unique to China.Countries such as the United States and Japan have also experienced the plight of zombie enterprises.By summarizing the experiences and lessons of the US and Japanese government in managing zombie enterprises,it is concluded that in the process of zombie corporate governance,the government and the government should be adhered to.The market's coordinated governance model;the decisive role of market resource allocation,the government shouldactively guide,strategic planning,appropriate intervention,provide a sound system and policy guarantee for the governance of zombie enterprises;rationally regulate the timing,extent and mode of government participation.China's Guangdong Province and Zhejiang Province have achieved good results in governance.Through the analysis and summarization of the zombie corporate governance countermeasures in these two provinces,combined with the foreign governance experience,some governance countermeasures have been drawn for the government to govern the zombies.Enterprises provide a broader range of ideas.The key to governance is to grasp the timing,mode and extent of government intervention,give play to the guiding role of the government,do a good job of top-level design,introduce relevant policies and sound systems,and provide policy and institutional guarantees for market-oriented governance;and then let zombie enterprises follow marketization.The rules are clearly cleared,giving full play to the decisive role of market allocation resources.The government and the market should bear their respective responsibilities.The important duty of the government is to create conditions for the market to play its role,to improve the market-based exit mechanism,to play a coordinating role,to rationally regulate interventions,and to promote the orderly and steady advancement of zombie corporate governance.Provide the basis.