产权清晰视角下国企混改的制度逻辑及政策启示  

Mixed Ownership Reform of State-Owned Enterprises from the Perspective of Clear Property Rights:Institutional Logic and Policy Enlightenment

作　　者：杨振[1] YANG Zhen(Department of Economics,Party School of the Central Committee of C.P.C National Academy of Governance,Beijing 100091,China)

机构地区：[1]中共中央党校(国家行政学院)经济学部,北京100091

出　　处：《经济体制改革》2022年第2期95-100,共6页Reform of Economic System

基　　金：国家社会科学基金一般项目“适应高质量发展的地方政府竞争机制优化研究”(21BJL033)。

摘　　要：改革开放以来的历次国有企业改革,都涉及了产权与产权制度改革这一核心问题。混合所有制是当下国企改革重要的目标导向,产权是否清晰仍然是关乎此轮改革成败的一个关键。跳出传统认识局限,以合约完备性界定产权清晰,才能更准确理解国企混改的制度逻辑,更好地把握有效的公司治理形式的构建原则。为此,应更加重视所有权和经营权之外的其他权利安排,允许以更灵活的合约结构界定国有企业承担的政策性职能,重视非物质资本特别是人力资本的合约权利安排,尊重企业合约各方平等地位,兼顾合约各方的财产权利和多元利益表达。Since the reform and opening up,state-owned enterprises reform of all stage has involved the core issue of property right and property right institutional reform.Mixed ownership is an important goal in the current state-owned enterprise reform.A clear property right is still crucial to the reform.Breaking the limitation of traditional understanding of clear property rights and defining clear property rights by contract completeness helps to accurately understand the institutional logic of the mixedownership reform and to better grasp the principles of effective corporate governance structure.Therefore,we should pay more attention to the arrangement of rights other than ownership and management rights,allow a more flexible contract structure to determine the policy functions undertaken by state-owned enterprises,pay attention to the contractual arrangement of intangible capital,especially human capital,respect the equal status of all parties in the enterprise contract,and take into account the property rights and multiple interest expressions of all parties to the contract.

关 键 词：国企改革 混合所有制 产权清晰 合约理论 治理结构 

分 类 号：F019.6[经济管理—政治经济学]