资本运营的辨与析——一个从会计要素谈国企改革的话题

• 作 者: 吴明礼
• 机 构: 南京经济学院,
• 出 处: 中国经济问题
• 发表日期: 2004年期
• 关键词: 会计要素 企业资本运营 国企改革 资本扩张 资本收缩 资产经营 资本重组 国有企业 资本效率 所有者权益

本文在会计要素“资产=资本”平衡公式的基础上,明晰资产经营与资本运营,资产重组与资本重组之间的差异、特点和联系;进一步指出资本运营中既要注意资本扩张的积极效应,也不可忽视资本收缩的重要作用;最后,对国有企业资本运营中的决策控制权、行为方式和运作方式做进一步探索。

This paper clarifies the differences, characteristics and connections between asset management and capital operation, asset reorganization and capital reorganization on the basis of the balance of accounting elements “asset = capital ”. It further points out that capital operation should not only pay attention to the positive capital expansion Effect, but also can not ignore the important role of capital contraction. Finally, further exploration is made on the decision-making control, behavior and mode of operation in the capital operation of state-owned enterprises.