我国创新型企业引入双重股权结构制度研究——基于股东异质性视角  

The Study on the Problem of Importing Dual-Class Share Structure System to Innovative Enterprises in China——Based on the Perspective of Shareholder Heterogeneity

作　　者：魏良益[1] WEI Liang-yi(Institute of Finance and Trade Economics,Sichuan Academy of Social Sciences,Chengdu 610072,China)

机构地区：[1]四川省社会科学院金融与财贸经济研究所

出　　处：《经济体制改革》2019年第3期102-108,共7页Reform of Economic System

基　　金：四川省社会科学院重点课题“我国创新型企业引入双重股权结构研究”(17YJ0012)

摘　　要：在我国是否引入双重股权结构制度存在不同认识。实际上,股东异质性从企业诞生之日就已经客观存在。因此,从股东异质性视角看,引入双重股权结构制度存在合理性。创新型企业是我国创新型国家建设的主体,应进一步加快股权结构制度创新,助力创新型企业特别是中小型创新型企业可持续发展。建议在我国创新型企业率先引入双重股权结构制度,构建企业双重股权结构制度适用范围、操作指引、政策评估等制度体系,为全面推行双重股权结构制度探索经验。There are different opinions on whether to import dual share structure in China.Actually,the heterogeneity of shareholders has existed objectively since the birth of the enterprise.From the perspective of shareholder heterogeneity,it is reasonable to import dual ownership structure in china.Innovative enterprises are the economic subject of China's construction of an innovative country,the innovation of the equity structure system should further accelerate to help the innovative enterprises,especially small and medium-sized innovative enterprise sustainable developing.Therefore,it may be carried out that taking the lead in importing the dual-class share structure system to the innovative enterprises in our country ,and building the dual-class share structure system,such as the scope of application,the operating guidelines,and the policy evaluation system.It can explore experience for fully implementing dual-class share structure system.

关 键 词：创新型企业 双重股权结构 股东异质性 

分 类 号：F293.33[经济管理—国民经济]