混合所有制企业资源异质股东共生关系形成机理——以中国联通混改方案为例  

The Formation Mechanism of Symbiotic Relationship among Resources Heterogeneous Shareholders in Mixed Ownership Enterprises——Taking China Unicom’s Mixed-reform Plan as an Example

作　　者：李明敏[1] 李秉祥[1] 惠祥[1] Li Ming-min;Li Bing-xiang;Hui Xiang

机构地区：[1]西安理工大学经济与管理学院

出　　处：《经济学家》2019年第6期70-79,共10页Economist

基　　金：国家自然科学基金面上项目“我国创业板上市公司控制权配置、经理管理防御与成长性研究”(71772151);国家自然科学基金面上项目“中国上市公司经理层管理防御与激励约束机制的实验研究”(71272118);陕西省社会科学基金资助项目“西安加强丝绸之路经济带建设的投融资机制研究”(13SC010);西安理工大学教师博士科研启动金“技术创业型企业瞪羚化发展的股权治理效用研究”(105-451118011)

摘　　要：企业新一轮混改的目标在于实现不同所有制资本的协同效应,即要求混合所有制企业中国有资源与民营资源实现有效融合,国有股东与民营股东将以此为契机建立共生关系。本文以中国联通混改方案为研究对象,归纳出混合所有制企业资源异质股东共生关系的形成机理:发展困境与资源约束是国有股东与民营股东的共生驱动,以双方资源相关性及优势互补性为共生条件,在治理结构优化、宏观政策引导、市场竞争需求及行业发展趋势的内外部共生环境下,国有股东与民营股东一体化的共生关系得以建立,并能够实现互惠共生。The goal of the new round of mixed reform is to realize the synergy effect of different ownership capital, that is,to achieve effective integration of state-owned resources and private resources in mixed ownership enterprises, and state-owned shareholders and private shareholders will use this as an opportunity to establish a symbiotic relationship. This paper takes China Unicom’s mixed-reform plan as an example, and concludes the formation mechanism of the symbiotic relationship among resources heterogeneous shareholders in mixed ownership enterprises. The study finds that the development dilemma and resource constraint are the symbiosis drive between state-owned shareholders and private shareholders.Using the resource correlation and complementary advantages of both parties as symbiotic condition, in the context of governance structure optimization, macro policy guidance, and internal and external symbiosis of market competition demand and industry development trend, the symbiotic relationship between state-owned shareholders and private shareholders can be established, and mutual reciprocity can be realized.

关 键 词：混合所有制企业 股东资源 共生关系 案例研究 

分 类 号：F271[经济管理—企业管理]