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文章以教育部博士点基金项目(2011年)为依托,将企业增加价值在其主要利益相关者之间分配份额(分配结构)作为研究对象,构建了非竞争市场因素影响增加价值分配结构结的结构方程模型框架,并以2003-2010年上市公司微观数据为样本,运用结构方程分析方法对相关假设进行实证检验。实证结果表明:1、目前国企相对民企、欠发达地区相对于发达地区以及商业相对于工业和地产对增加员工所得份额、降低政府所得份额有显著影响,表现为对分配结构存在显著的负向影响;2、股权集中度与经营绩效对增加员工所得份额、降低政府所得份额有影响,表现为对分配结构有正向影响,但统计上不显著;3、研究发现政府所得率与员工所得率之间呈反向变动关系。结论表明:非竞争市场因素对我国增加价值分配结构存在重要影响,在解决分配结构问题的时候,应尽量消除非竞争市场因素的不利影响。
Based on the Doctoral Program of the Ministry of Education (2011), the article takes the distribution of shares (distribution structure) among the major stakeholders as the research object, and constructs the structure that the non-competition market factors affect the distribution of value distribution Structural equation model framework. Taking the micro-data of listed companies from 2003 to 2010 as a sample, the paper empirically tests the relevant hypotheses by the method of structural equation analysis. The empirical results show that: (1) At present, relative state-owned enterprises, underdeveloped areas relative to developed areas and commerce relative to industry and real estate have a significant impact on increasing the share of employees and reducing the share of government revenue, showing a significant negative impact on the distribution structure ; 2. Ownership concentration and business performance have an impact on increasing the share of employees and reducing the share of government revenue, showing a positive effect on the distribution structure, but not statistically significant. 3. The study finds that the government income rate and the employee income rate The relationship between the reverse change. The conclusion shows that non-competitive market factors have an important influence on the increase of value distribution structure in our country. When solving the problem of distribution structure, we should try our best to eliminate the unfavorable influence of non-competitive market factors.