电信业改革中黄金股制度的探索——国际经验与中国选择  

Exploration of Golden Share System in Telecommunications Reform——International Experience and China's Choice

作　　者：岳宇君[1,2] 胡汉辉[1] 

机构地区：[1]东南大学集团经济与产业组织研究中心,江苏南京210096 [2]南京邮电大学管理学院,江苏南京210023

出　　处：《北京邮电大学学报（社会科学版）》2017年第1期56-63,共8页Journal of Beijing University of Posts and Telecommunications(Social Sciences Edition)

基　　金：国家自然科学基金青年项目(71103079);国家自然科学基金面上项目(71173036)

摘　　要："黄金股"在国外电信业民营化过程中发挥过重要作用,在当前我国电信业深化产权改革中,黄金股制度作为新的企业控制形式非常有研究价值。对英国、德国、意大利、西班牙及葡萄牙等国电信业黄金股制度的实践进行了剖析,分别从产权改革指导思想、国资管理体制、监管法律体系、行动主体博弈及民营资本实力等方面解析现实约束,对我国电信业改革中黄金股进行制度设计,实施的关键是要突破原有的体制锁定状态和路径依赖困境、建立健全电信法律制度、谨慎设计政府控制权、清晰界定权利与评判标准等。Golden share has played an important role in the privatization progress of foreign telecommunications companies. Currently, in deepening the property rights reform in China,s telecommunications industry, golden share, as a new controlling form of telecommunications companies, has great research value. The practice of golden share system in telecommunications industry in the United Kingdom, Germany, Italy, Spain and Portugal is analyzed. The obstacles faced when introducing golden share to China,s telecommunications industry is dis-cussed from property rights reform guiding ideology, state-owned assets management system, regulatory legal sys-tem, actors game, private capital strength, and so on. Golden share in China,s telecommunications reform is designed, the key of which is to break through original system, s locking status and path dependence dilemma, to establish and perfect the telecom legal system, to carefully design the control of government, to clearly define rights and criteria, and so on.

关 键 词：电信业改革 黄金股制度 民营化 

分 类 号：F631.0[经济管理—产业经济]