经济与管理研究2016,Vol.37Issue(5):129-136,8.DOI:10.13502/j.cnki.issn1000-7636.2016.05.017
混合所有制会影响资本成本吗?
Can Mixed Ownership Affect the Cost of Capital?
摘要
Abstract
The mixed ownership reform attracts great attention in the new normal.Mixed ownership reform means the change of shareholding status of the state and non-state shareholders under the background of state shareholders’ dominance.Through empirical tests,it is found that with the implemention of the mixed ownership reform a lower state shareholders’ shareholding ratio and a higher private enterprise shareholding ratio,equity capital cost increases,debt capital cost decreases and their mixed effect makes the weighted average cost of capital present a rising trend.关键词
混合所有制/控股股东/股权资本成本/债务资本成本/加权平均资本成本Key words
mixed ownership/controlling shareholder/equity capital cost/debt capital cost/weighted average cost of capital分类
管理科学引用本文复制引用
汪平,兰京..混合所有制会影响资本成本吗?[J].经济与管理研究,2016,37(5):129-136,8.基金项目
国家社会科学基金项目“资本成本约束下混合所有制公司股权结构优化研究”(15BGL066);国家社会科学基金项目“资本成本锚定的国有企业投资效率提升机制研究”(15BJY013);北京社科规划重点项目“资本成本测算及其应用领域研究”(15JGA010);首都经济贸易大学重大科研项目与成果培育计划“资本成本约束下混合所有制企业股权结构动态调整研究”;首都经济贸易大学研究生科技创新资助项目 ()