| Summary: | 碩士 === 世新大學 === 經濟學研究所(含碩專班) === 91 === State-owned Enterprises (SOEs) plays an important role in China’s economy. China had started many reform measures to mitigate the heavy loading of inefficient and revenue-losing SOEs on its growing economy. One important reform is to convert SOE into joint-stock companies with the state as a stockholder after a party’s consensus reached at its Fifteenth National Congress in 1997.
This paper estimates the productivity efficiency of SOEs in 35 industry groups during the period 1995-1997 and 1999-2001. The primary findings are the ratio of realized profit to total pre-tax profit, the number of times of annual of turnover circulating funds, the overall labor productivity and the production proportion of the urban collective-owned, cooperative and joint ownership units show positive effect on SOEs’ productivity efficiency. On the other hand, the capital-labor ratio displays a negative impact on SOEs’ productivity.
Furthermore, the production efficiency of China’s SOE does not improve since the conversion to 1997 state share-holding type. The production efficiency of the heavy-industry groups is less efficiency compared to other industry group. Many factors contribute to the SOEs’ productivity efficiency such as the market demand and the openness. Although the conversion of share-holding enterprises does not guarantee improved productivity efficiency, it could enhance the incentive for better management and profit-seeking activity for the SOEs.
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