“扬子石化”公司治理的路径依赖问题研究
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摘要
本文从制度经济学路径依赖理论的新视角对我国“扬子石化”公司治理中的路径依赖问题进行了深入分析，证实了我国的公司治理中普遍存在着严重的路径依赖现象，阐明路径依赖是锁定我国公司治理低效率的主要原因。目前，现有文献对公司治理路径依赖问题的研究并没有延伸到某个具体的企业，并针对该企业自身特定情况和所处的内外环境来做出具体而深刻的分析。本文在结合前人理论研究和分析的基础之上，从公司治理结构驱动的路径依赖和制度驱动的路径依赖理论出发，在对“扬子石化”公司特定的企业环境作深入地阐述和分析的背景下，系统而具体地对“扬子石化”的公司治理作了详细地分析。分别介绍了公司的所有权结构和企业的内部制度所呈现的路径依赖现象是如何影响公司治理并制约其发展的，由此来揭示“扬子石化”公司治理演进的过程中路径依赖的作用机理，从而对路径依赖是造成我国公司治理低效率的主要原因提供了有力的论据。与此同时，本文也给出了解决“扬子石化”公司治理过程中路径依赖问题的策略与建议，并且我们还对它的个案分析上升到了对整个经济机体上的一般问题的分析，由此总结出了路径依赖对我国公司治理的一些启示和建议，这对我国其他的企业和公司在改革和公司治理的过程中具有一定的借鉴意义。
The paper tries to analyze the path dependence problems of Yangzi petrochemical corporate governance with the path dependence theory of the constitutional economics. It confirms that serious path dependence lies in corporate governance in our country widely and path dependence is main reason to lock in poor efficiency on corporate governance. Now, research on path dependence of corporate governance has not refer to one concrete enterprise, not analyzing the path dependence problems of the enterprise under its inside-outside situation in detail. This paper concretely analyzes the Yangzi petrochemical company's condition and systematically clarifies its corporate governance with the theory of the structure-driven path dependence and the rule-driven path dependence. Summarizing how the path dependence of ownership configuration and the company's rule to influence Yangzi petrochemical corporate governance and restrict its development, we find mechanism about the path dependence in the evolutional process of Yangzi petrochemical company, which provide path dependence as powerful evidence for the reason of locking in poor efficiency on corporate governance in our country. In this paper, we present some methods and advices to solving the path dependence problems in the process of Yangzi petrochemical corporate governance. And we give revelation and advice about path dependence in corporate governance from the case of Yangzi petrochemical to the whole economic configuration. Consequently, the revelation and advice this paper summarizes in path dependence about our country corporate governance can give useful reference to other corporation.
The paper tries to analyze the path dependence problems of Yangzi petrochemical corporate governance with the path dependence theory of the constitutional economics. It confirms that serious path dependence lies in corporate governance in our country widely and path dependence is main reason to lock in poor efficiency on corporate governance. Now, research on path dependence of corporate governance has not refer to one concrete enterprise, not analyzing the path dependence problems of the enterprise under its inside-outside situation in detail. This paper concretely analyzes the Yangzi petrochemical company's condition and systematically clarifies its corporate governance with the theory of the structure-driven path dependence and the rule-driven path dependence. Summarizing how the path dependence of ownership configuration and the company's rule to influence Yangzi petrochemical corporate governance and restrict its development, we find mechanism about the path dependence in the evolutional process of Yangzi petrochemical company, which provide path dependence as powerful evidence for the reason of locking in poor efficiency on corporate governance in our country. In this paper, we present some methods and advices to solving the path dependence problems in the process of Yangzi petrochemical corporate governance. And we give revelation and advice about path dependence in corporate governance from the case of Yangzi petrochemical to the whole economic configuration. Consequently, the revelation and advice this paper summarizes in path dependence about our country corporate governance can give useful reference to other corporation.
引文
[1] 青木昌彦，钱颖一主编．转轨经济中的公司治理结构：内部人控制和银行的作用．第1版．北京：中国经济出版社，1995
[2] Arthur, W.B.Competing Technologies,Increasing Returns and Lock-in by Historical Events.Economic Journal 99:116—131
[3] 可星．组织进化的路径依赖分析．科技进步与对策，2006，(2)：163-166
[4] 道格拉斯·诺思．经济史中的结构与变迁．第1版．上海：上海人民出版社，1994
[5] Leibowitz,S&S.Margolis(1995).Path Dependence,Lock-in and History.Journal of Law, Economics & Organization (1):05-226
[6] David,PA(1985).Clio and the Ecomomics of QWERTY. American Ecomomic Review75(2):332-337
[7] 卢现祥．西方制度经济学．第1版．北京：中国发展出版社，1996
[8] North, D.C.The Contribution of the New Institutional Economics to an Understanding of the Transition Problem.WIDER Annual Lectures, 1
[9] Stark, D.Path Dependence and Privatization Strategies in East Central Europe.East European Politics & Societies 6 (1):7-54
[10] David, PA (1994).Why Are Institutions Carriers of History.Structural Change And Ecomomic Dynamics 5(2):205-220
[11] Roe,M.J.Path Dependence, Political Options and Governance Systems.in Hopt & Wymeersch (eds.),Comparative Corporate Governance,Walter de Gruyter & Co.
[12] Vincensini, C. Is Path Dependence a Useful Concept to Analyze the Evolution of Ownership Structure in Central Europe.working paper
[13] Lucian Arye Bebchuk & Mark Roe.A Theory of Path Dependence in Corporate Ownership and Govemance[J], http://www.Law.columbia, edu
[14] Schmidt, R. H. &G. Spindler. Path Dependence, Corporate Governance and Complementarity. Working Paper
[15] 刘汉民．路径依赖理论研究综述．经济学动态，2003，(6)：65-69
[16] 刘力钢，邴红艳．中国公司治理的路径依赖——理论与实证分析．社会科学辑刊，2004，(2)：81-85
[17] 邴红艳．路径依赖——公司治理锁定的成因分析．现代管理科学，2003，(10)：35-37
[18] 北京大学中国经济研究中心“发展战略研究”课题组．中国国有企业改革的回顾与展望．经济研究参考，2001，89：18-37
[19] 崔树霖．国有企业在建立现代企业制度中存在的路径依赖问题分析．北京工商大学学报(社会科学版)，2004，(5)：36-40
[20] 亚诺什·科尔内．短缺经济学．第1版．北京：中国经济科学出版社，1986
[21] 赖明勇．“扬子石”公司治理结构实证分析[硕士学位论文]，长沙，湖南大学，2003
[22] 李荣融．贯彻党的十六大精神，加快推进现代企业制度建设．在上市公司现代企业制度建设经验交流暨总结大会上的讲话．国家经贸委网站www.setc.gov.cn, 2002.12.30
[23] 股市投资参考网．扬子石化(000866)：中国石化扬子石油化工股份有限公司2005年年度报告．http//www.cankao.com,2006.4.8
[24] 巫炜．中国企业“内部人控制”问题探讨．中州学刊，2001，(8)：55-59
[25] Kathryn L.Dewenter & Paul H.Malatesta. State-owned and Privately Owned Firms: an Empirical Analysis of Profitability, Leverage and Labor Intensity.The American Economic Review,2001,91(1):320-334
[26] 世界银行．中国的企业改革．www.worldbank.org.en, 1999. 1.1
[27] Hua Wang & Yanhong Jin. Industrial Ownership and Environmental Performance:Evidence from China(2002/12/31).www-wds. worldbank, org,2003.01.17
[28] 于泽恩，方忱．中国股份制企业运作与管理．北京：中国科学技术出版社，1993
[29] 马洪．企业改革中的资产重组：案例研究与理论分析．第1版．北京：经济管理出版社，1996
[30] North, Douglass C. Institutions, Institutional Change, and Economic Performance.Cambridge:Cambridge Univ.Press, 1990
[31] 世界银行．中国的公司治理与企业改革．www.worldbank.org.cn,2000.1.1
[2] Arthur, W.B.Competing Technologies,Increasing Returns and Lock-in by Historical Events.Economic Journal 99:116—131
[3] 可星．组织进化的路径依赖分析．科技进步与对策，2006，(2)：163-166
[4] 道格拉斯·诺思．经济史中的结构与变迁．第1版．上海：上海人民出版社，1994
[5] Leibowitz,S&S.Margolis(1995).Path Dependence,Lock-in and History.Journal of Law, Economics & Organization (1):05-226
[6] David,PA(1985).Clio and the Ecomomics of QWERTY. American Ecomomic Review75(2):332-337
[7] 卢现祥．西方制度经济学．第1版．北京：中国发展出版社，1996
[8] North, D.C.The Contribution of the New Institutional Economics to an Understanding of the Transition Problem.WIDER Annual Lectures, 1
[9] Stark, D.Path Dependence and Privatization Strategies in East Central Europe.East European Politics & Societies 6 (1):7-54
[10] David, PA (1994).Why Are Institutions Carriers of History.Structural Change And Ecomomic Dynamics 5(2):205-220
[11] Roe,M.J.Path Dependence, Political Options and Governance Systems.in Hopt & Wymeersch (eds.),Comparative Corporate Governance,Walter de Gruyter & Co.
[12] Vincensini, C. Is Path Dependence a Useful Concept to Analyze the Evolution of Ownership Structure in Central Europe.working paper
[13] Lucian Arye Bebchuk & Mark Roe.A Theory of Path Dependence in Corporate Ownership and Govemance[J], http://www.Law.columbia, edu
[14] Schmidt, R. H. &G. Spindler. Path Dependence, Corporate Governance and Complementarity. Working Paper
[15] 刘汉民．路径依赖理论研究综述．经济学动态，2003，(6)：65-69
[16] 刘力钢，邴红艳．中国公司治理的路径依赖——理论与实证分析．社会科学辑刊，2004，(2)：81-85
[17] 邴红艳．路径依赖——公司治理锁定的成因分析．现代管理科学，2003，(10)：35-37
[18] 北京大学中国经济研究中心“发展战略研究”课题组．中国国有企业改革的回顾与展望．经济研究参考，2001，89：18-37
[19] 崔树霖．国有企业在建立现代企业制度中存在的路径依赖问题分析．北京工商大学学报(社会科学版)，2004，(5)：36-40
[20] 亚诺什·科尔内．短缺经济学．第1版．北京：中国经济科学出版社，1986
[21] 赖明勇．“扬子石”公司治理结构实证分析[硕士学位论文]，长沙，湖南大学，2003
[22] 李荣融．贯彻党的十六大精神，加快推进现代企业制度建设．在上市公司现代企业制度建设经验交流暨总结大会上的讲话．国家经贸委网站www.setc.gov.cn, 2002.12.30
[23] 股市投资参考网．扬子石化(000866)：中国石化扬子石油化工股份有限公司2005年年度报告．http//www.cankao.com,2006.4.8
[24] 巫炜．中国企业“内部人控制”问题探讨．中州学刊，2001，(8)：55-59
[25] Kathryn L.Dewenter & Paul H.Malatesta. State-owned and Privately Owned Firms: an Empirical Analysis of Profitability, Leverage and Labor Intensity.The American Economic Review,2001,91(1):320-334
[26] 世界银行．中国的企业改革．www.worldbank.org.en, 1999. 1.1
[27] Hua Wang & Yanhong Jin. Industrial Ownership and Environmental Performance:Evidence from China(2002/12/31).www-wds. worldbank, org,2003.01.17
[28] 于泽恩，方忱．中国股份制企业运作与管理．北京：中国科学技术出版社，1993
[29] 马洪．企业改革中的资产重组：案例研究与理论分析．第1版．北京：经济管理出版社，1996
[30] North, Douglass C. Institutions, Institutional Change, and Economic Performance.Cambridge:Cambridge Univ.Press, 1990
[31] 世界银行．中国的公司治理与企业改革．www.worldbank.org.cn,2000.1.1