Restructuring in China's State-Owned Enterprises: Evidence from the Coal Industry
Restructuring in China's State-Owned Enterprises: Evidence from the Coal Industry
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DOI：
10.1111/j.1749-124x.2010.01198.x
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发表时间：
2010-05
期刊：
影响因子：
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通讯作者：
Xunpeng Shi
中科院分区：
文献类型：
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作者：
Xunpeng Shi
本文利用中国国有煤矿企业层面的数据，考察了国有企业私有化、公司化和债务重组对技术效率的影响。采用随机前沿生产方法对2000 - 2007年的面板数据进行了分析。同时研究这三种措施使得有可能比其他方式更精确地研究个体效应。研究表明，这三项改革举措都能够提高国有煤矿的技术效率。放弃国家所有权可以显著提高效率，这为私有化提供了一种替代办法。债务重组和技术效率的研究尚未在出版的文献中记录。
Using firm-level data for China's state-owned coal mines, this paper examines the impact of privatization, corporatization and debt restructuring of state-owned enterprises on technical efficiency. A stochastic frontier production method is applied to a panel dataset from 2000 to 2007. The simultaneous study of these three measures makes it possible to study individual effects more precisely than otherwise. The study shows that the three reform initiatives are all able to improve technical efficiency in state-owned coal mines. The finding of a significant efficiency improvement from relinquishing state ownership provides an alternative to privatization. The study of debt restructuring and technical efficiency has not been documented in the published literature.