产品市场竞争、市场化与政府补贴
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| Title | Product Market Competition, Marketization, and Government Subsidy
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| 作者 | 孔东民 王亚男 刘莎莎 |
| Author | Kong Dongmin，Wang Yanan and Liu Shasha |
| 作者单位 | 华中科技大学经济学院，北京大学金融系 |
| Organization | Department of Finance, Huazhong University of Science and Technology;Department of Finance, Peking University |
| 作者Email | kongdm@mail.hust.edu.cn；wangyanan1213@126.com；sarahliu@pku.edu.cn |
| 中文关键词 | 产品市场竞争 市场化 政府补贴 |
| Key Words | Industry Competition; Marketization; Government Subsidy |
| 内容提要 | 针对近期广泛关注的政府补贴这一问题，本文深入考察了行业市场竞争、地方市场化进程以及不同企业所有制对于政府补贴的影响。研究发现，第一，亏损企业在整体上获得了更高的政府补贴，但相对于民营企业，国有企业的补贴程度更高；第二，产品市场竞争强度的加剧，会导致国有企业获得更高的政府补贴；第三，随着市场化程度的提升，国有企业会因自身的竞争劣势而获得更高的补贴，这尤其体现在地方所有的国企身上。最后，进一步的检验发现，为了获得更多的政府补贴，国有企业很可能通过操纵其会计盈余来增加亏损，但这种关系对于民营企业并不显著。整体上，本文研究为监管部门提供了及时、明晰的政策建议，这有助于监管部门出台有针对性的举措，以此应对当前海内外针对政府补贴国有企业的质疑。 |
| Abstract | Aimed at the issue of government subsidy that has attracted extensive attention recently, this paper studies the effects of product market competition, marketization course, and different enterprise ownership on government Subsidy. We show that: Firstly, the loss-making enterprises generally obtain more subsidies, and the state-owned enterprises do obtain more subsidies than the private enterprises facing the same losses. Secondly, the increasing competition of the products market leads to the fact that state-owned enterprises obtain more government subsidies. Thirdly, with the promoting of marketization degree, the state-owned enterprises, especially local state-owned enterprises, obtain more government subsidies. Finally, further results find that in order to obtain more subsidies, the state-owned enterprises rather than private enterprises tend to augment losses by manipulating accounting earning. Generally, this study offers timely and clearly political suggestion for the regulatory authorities, which contributes to the issue of targeted acts against the questions of government Subsidy from both home and abroad. |
| 文章编号 | WP348 |
| 登载时间 | 2012-08-30 |
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