兰州市国有企业资产重组的绩效分析.pdf

兰州理工大学
硕士学位论文
兰州市国有企业资产重组的绩效分析
姓名:李宜静
申请学位级别:硕士
专业:企业管理
指导教师:牛成喆
20071029
中文摘要
中国国有企业资产重组是伴随着中国的改革开放在不断完善的社会主义市
场经济制度下逐步发展起来的,还处于起步阶段,在从计划经济向市场经济转
轨过程中还不能完全遵循市场经济的规律。由于国有企业在中国以公有制为主
体的经济中的特殊地位和作用,国有企业的资产重组又有其特殊的一面。
中国国有企业资产重组的发展,经历了从80年代少数企业的行为到90
年代形成的全国性经济改革浪潮;从少数企业的自发行动到将其写入党的十五
大报告,作为国有经济战略性调整的手段和搞好国有企业的战略措施,并在党
的十五届四中全会得到进一步肯定。可见国有企业资产重组在经济生活中的地
位和被寄予的厚望。
本文采用了财务指标评价体系法,对2006年兰州市的10家国有企业的
资产重组进行实证研究。笔者在对相关理论和以往研究进行回顾的基础上,界
定为三个大类的资产重组,即资本扩张、资本收缩和资本内变型。针对这三种
类型的资产重组,设定了绩效评估指标,利用重组前一年(2005年)、当年
(2006年)和后一年(2007年)的数据进行主成分分析。并在此基础上,
使用均值检验(T检验)和比率检验(Z检验)对三年间这些国有企业的绩效变
化进行考察。
结果发现资本扩张类重组和资本收缩类重组方式对兰州市国有企业的总体
绩效带来较好的影响,资本内变型资产重组在重组当年也会提升企业的业绩,
但是从下降的速度来看有不利于资产重组的倾向。总体上看,这三种资产重组
方式还是使得兰州市的国有企业的绩效有明显的上升。笔者提倡多采用扩张类
和收缩类重组。在面对重组后绩效下降的情况,当地政府和企业的资产重组之
路应该怎样继续走下去,对此,笔者提出了一些建议。
关键词;国有企业;资产重组:绩效。
Abstract
Accompanied by reform of China, reorganizations of assets in State-owned
enterprises have been gradually developed in the market economy system which is
going to be perfect. But it is also in its infancy stage in which it can not fully follow
the law of the market economy. Because state-owned enterprises in China own public
ownership as the mainstay of the economy of the special position, the asset
reorganization of state-owned enterprises has its special side
The assets reorganization in state-owned enterprises has experienced these stages
from the action of minority enterprises in the 1980s to a national wave of economic
reform in the 1990s and from the spontaneous actions of a small number of
enterprises to the strategic adjustment of state-owned economy as a means of running
state-owned enterprises and strategic measures which has been written into the
Chinese Communist Party's 15th National Congress Report and affirmed further in
the Party's Fourth Session of the 15th Central Committee. Visibly the role of assets
reorganization in state-owned enterprises in economic life is important and is given
high great expectations.
This paper adopts indicators of the financial system and studies 10 state-owned
enterprises assets reorganization in Lanzhou City in 2006. The author defines three
major categories which are expansion, contraction, the variant which have been on
the basis of relevant theories and previous studies. For each type of asset
reorganization, performance evaluation indicators have been devised respectively. We
can use these indicators and input them to SPSS waresoft, using principal component
analysis to study the performances of ten enterprises which have been considered to
be our study objects. The study of time comprises previous year (2005)of assets
reorganization, the year (2006)which the assets reorganization is operated and the
following year(2007). Then the author will use the data which is available from the
previous process to obverse the changes of performance of the ten industries by
employing the means testing(T test )and the ratio test(Z test)in these three years, ie
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