国有企业的产权权利束分割与劳动生产效率跃升——来自中央企业分红权激励改革的证据  

Partitioning of Property Rights and the Rise of Labor Productivity in State-owned Enterprises—Evidence from Bonus Incentives Reform in Central State-owned Enterprises

作　　者：马新啸 黄晓珊 MA Xinxiao;HUANG Xiaoshan(College of Management,China Business Working Capital Management Research Center,Ocean University of China,Qingdao Shandong 266100,China;School of Accountancy,Nanfang College Guangzhou,Guangzhou Guangdong 510970,China)

机构地区：[1]中国海洋大学管理学院,中国企业营运资金管理研究中心,山东青岛266100 [2]广州南方学院会计学院,广东广州510970

出　　处：《北京理工大学学报（社会科学版）》2024年第6期185-200,共16页Journal of Beijing Institute of Technology：Social Sciences Edition

基　　金：中国博士后科学基金面上项目“产权权利束分割提升国有企业核心竞争力的效果与机理研究”(2023M733331);“泰山学者”工程专项经费项目(tsqn202306100);国家自然科学基金青年项目“国有企业与民营资本组建混合战略联盟的动因、效果及作用机理研究”(72302224)。

摘　　要：更加充分地解放和发展生产力是中国构建新发展格局和转变经济增长模式的重要支撑,如何实现更高水平的劳动生产效率构成新时代全面深化国企改革的关键环节。基于中央企业分红权激励改革(148号文)的准自然实验,考察产权权利束分割对国有企业劳动生产率的影响机理。研究发现,产权权利束分割能够激发国企雇员的日常工作积极性和创新精神,并加强其相互监督力度,从而有效提升国有企业的劳动生产效率。进一步研究表明,前述效果在人才基础较好、人才稳定性较强以及行业竞争激烈的情况下更为明显,最终助益国企实现国有资本保值增值的经济目标和扩大就业的社会及政治目标。More fully emancipating and developing the productivity is the important support for the construction of a new development pattern and the transformation of economic growth mode.How to realize a higher level of labor production efficiency constitutes the key link of comprehensively deepening the reform of state-owned enterprises in the new era.Based on the quasi-natural experiment of bonus incentives reform in central government-owned enterprises(No.148),this paper systematically explores the influence mechanism of partitioning of property right on the labor productivity of state-owned enterprises.The research shows that the partitioning of property right can stimulate the daily work enthusiasm and innovation spirit of state-owned enterprises’employees,and strengthen their mutual supervision,so as to effectively improve the labor production efficiency of state-owned enterprises.Further research shows that the aforementioned effect are more obvious in the state-owned enterprises with better talent base,strong talent stability and fierce industry competition,which ultimately benefit the stateowned enterprises to achieve the economic goal of maintaining and increasing the value of state capital and the social and political goal of expanding employment.

关 键 词：国有企业 劳动生产效率 产权权利束分割 分红权激励 

分 类 号：F276.1[经济管理—企业管理]