管理评论

›› 2020, Vol. 32 ›› Issue (3): 323-336.

• 案例研究 • 上一篇    

混改条件下股权结构与国资监管方式的选择——基于多案例角度研究

沈昊1,2, 杨梅英1   

  1. 1. 北京航空航天大学经济管理学院, 北京 100191;
    2. 国家审计署, 北京 100073
  • 收稿日期:2019-10-16 出版日期:2020-03-28 发布日期:2020-04-08
  • 作者简介:沈昊,北京航空航天大学经济管理学院博士研究生,国家审计署,高级经济师;杨梅英,北京航空航天大学经济管理学院教授,博士生导师
  • 基金资助:

    国家自然科学基金项目（71632003）。

Research on Ownership Structure Selections and State-owned Assets Supervision Modes under the Mixed Ownership Reform Background——A Multi-case Perspective

Shen Hao1,2, Yang Meiying1   

  1. 1. School of Economics and Management, Beihang University, Beijing 100191;
    2. National Audit Office of PRC, Beijing 100073
  • Received:2019-10-16 Online:2020-03-28 Published:2020-04-08

PDF (PC)

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摘要：

中国国有企业混合所有制改革是国企改革的重要突破口，但当前的国资政策和国资监管体系存在较多与混合所有制改革不匹配、不协调、不适应的地方。本文采用案例研究方法，选取中央企业所属五家不同类型、不同层级的企业作为典型研究案例，从国有控股、国有参股、境外国有资产为分类的角度，尤其是结合机构改革和混改过程中的新情况，研究了不同类型股权结构和国资监管方式的匹配关系，并首次对国有参股企业的国资监管进行案例研究。本文分析了当前国资监管存在的短板与不足，研究了新出现的"假参股"企业的监管问题，结合混改条件下国资政策的变化，新提出了"参控同管""逆向监管"等监管思路，推导出了未来国资监管的架构和路径。

关键词: 国有企业, 国企改革, 混合所有制, 国资监管

Abstract:

Concerning the reform of state-owned enterprises in China, mixed ownership reform of state-owned enterprises is the significant breakthrough during the process. However, there are mismatches among the mixed ownership reform, the current policies and the supervising system.
In this study, typical cases of 5 central state-owned enterprises are selected, and they represent different types and levels. We conduct a research on the matching relationship between types of shareholding structures and modes of supervising state-owned enterprises, classifying assets into "state-owned holding", "state-owned sharing" and "overseas state-owned" ones. Also, it is an innovative way to use typical cases from state-owned enterprises to analyze the up-to-date situation of institutional reform and mixed ownership reform.
This paper mainly realizes the following works. Firstly, it analyses the shortcomings of current state-owned assets supervision. Secondly, it studies the newly appeared issue of "fake participation" company. Thirdly, it mentions the changes of state-owned assets policies and provides innovative ways of supervising state-owned assets, such as "co-management of state-owned holding and state-owned sharing companies" and "reverse supervision". Finally, it presents the framework and paths for future state-owned assets supervision.

Key words: state-owned enterprise, state-owned enterprise reform, mixed ownership, state-owned assets supervision