摘要
本文从产权角度分析了国有企业债转股的基本思路和操作绩效,重点研究现行的国有企业产权状况和缺陷对债转股的目标设定、制度安排、债转股的操作及效果的影响;并考察债转股在何种程度上解决了国有企业的产权问题。在此基础上,本文提出了分类处理、政府退出选择机制、民间资本介入和分离企业所负担的社会职能等可操作的建议。
This paper analyzes the basic logic and operational performance of state-owned enterprises' (SOEs) debt-share conversion by asset management companies(AMCs), and especially focuses on the interaction between SOEs property right and debt-share conversion design. It is shown that classification, market selection rather than administration intervention in selection, private capital participation and separation of social functions from SOEs are feasible solutions.
出处
《金融研究》
CSSCI
北大核心
2002年第11期49-58,共10页
Journal of Financial Research
关键词
国有企业
债转股
产权分析
SOEs reform, debt-share conversion, AMCs, property right
