国企改革的发展:宝钢资产剥离分析  

Development of Stated-owned Enterprises Reform:Analysis of Baosteel Asset Divestiture

作　　者：李丽娜[1] 吴春峰[2] 张昊[3] 

机构地区：[1]中国石油化工股份有限公司油田事业部,北京100728 [2]中国石油天然气股份有限公司青海油田四方服务公司,甘肃敦煌736202 [3]西安石油大学油气资源经济与管理研究中心,陕西西安710065

出　　处：《西安石油大学学报（社会科学版）》2013年第6期56-60,共5页Journal of Xi’an Shiyou University:Social Science Edition

摘　　要：资产剥离是一种有效的企业收缩战略。以宝钢股份公司2012年3月进行的资产剥离为案例进行分析。从剥离前的动机分析来看,宝钢有强化核心业务以及盈余管理的动机;从剥离后的财务效果分析,虽然宝钢应收账款的营运能力依然较差,但此次剥离使公司偿债能力和营运能力有显著提高。最后总结宝钢资产剥离的经验,并提出今后国企改革中使用资产剥离策略的建议。Assets divestiture is an effective contraction strategy of enterprise. The analysis is based on the case of assets divestiture in Baosteel in March 2012. From the perspective of motivation before peeling off the assets, it is shown that Baogang＂ has some motivations like strengthening the core business and profit manage- ment. From the angle of financing effects after assets divestiture, it is discovered that although the operational ability of receiving payment in Baosteel is still weak, through this assets divestiture, the ability of debt service payment and the operational ability have been improved remarkably. Finally, based on the summary of the as- sets divestiture in Baosteel, some suggestions are put forward so as to adopt the assets divestiture strategy in the future reform of state - owned enterprises.

关 键 词：资产剥离 国企改革 财务分析 

分 类 号：F271.21[经济管理—企业管理]