论企业负债和国有股权转债权  

The Enterprise in Debt and the Transformation of State - Owned Stockholder's Rights into Creditor's Rights

作　　者：夏嘉华[1] 

机构地区：[1]华东师范大学工商管理系,上海200062

出　　处：《华东师范大学学报（哲学社会科学版）》2001年第2期84-89,95,共7页Journal of East China Normal University（Humanities and Social Sciences）

摘　　要：企业合理、适度的负债,从微观方面看,可以提供企业生产经营所必需的资金,并促进企业经济效益的提高;从宏观方面看,可以优化社会经济资源配置,并增强国有经济的控制力。鉴于负债所具有的积极作用和我国上市公司资产负债率偏低的现状,可以考虑把股权转债权作为上市公司国有股减持的一种重要方式,以达到优化上市公司资本结构和分批变现国有资产的双重目的。Microcosmically, an enterprise which is in reasonable and moderate liabilities may get the capital it needs for its production and management and facilitate its economic benifits, and macrocos-mically, it may promote a better distribution of social economic resources and strengthen a control power of state-owned economy. In view of the positive role of liabilities and current low rate of debt in our quoted companies, we may consider transforming stockholder's rights into creditor's rights as an important means to decrease the proportion of state-owned stocks in a quoted company so as to fulfil the dual goal -making the capital structure of a quoted company at its best and realizing state-owned assets in turn.

关 键 词：企业负债 资产负债率 股转债 上市公司负债率 债转股 国有经济 资本结构 企业经济效益 

分 类 号：F275[经济管理—企业管理]