The Introduction of Private Capital and the Strengthening and Im-provement of State-owned Capital——Evidence from the Perspective of Value Preservation and Value-added of State-controlled Capital
This paper empirically examines the impact of the introduction of private capital to implement mixed ownership reform in state-owned enterprises on the preservation and appreciation of state-controlled capital.The study found that the introduction of private capital can significantly increase the rate of value-added of state-controlled capital,and thus the completed mixed-ownership reforms have to some extent realized the expected purpose of making state cap-ital bigger.In the mechanism path,promoting the improvement of the efficiency of capital operation and management of state-owned enterprises so as to strengthen and optimize state-owned capital is an effective path for the mixed owner-ship reform to enhance the value-added rate of state-controlled capital.Further research shows that the reform of the state capital supervision system and the new round of reform policy guidance are the supporting conditions for the real-ization of the positive economic benefits of the mixed ownership reform.The research in this paper helps the theoretical and practical circles to clarify the understanding of mixed ownership reform,and provides a theoretical basis for the new round of state-owned enterprise reform to deepen and enhance the action.
mixed ownership reformstakeholdersstate-controlled shareholdersvalue-added of state-con-trolled capital
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