实证分析结果显示:私营、国有与外资企业资本配置效率存在显著差异;私营经济资本配置效率最高、外资次之、国有经济缺乏效率;各种所有制经济自主投资水平较高的省份多集中在经济欠发达地区,其基本原因指向政府干预。本文根据实证研究结论,结合我国国企比重较高、市场发育成熟度普遍较低的现状,提出相关建议。 The results of empirical analysis show that there are significant differences in the efficiency of capital allocation among private, state-owned and foreign-funded enterprises. Private-owned economy has the highest capital allocation efficiency, followed by foreign investment, and the state-owned economy is inefficient. Provinces with higher autonomous investment in all kinds of ownership are mostly concentrated in the economic deficits Developed areas, the basic reason for pointing to government intervention. Based on the conclusion of empirical study and the current situation that the proportion of state-owned enterprises in our country is relatively high and the maturity of the market is generally low, this paper puts forward some suggestions.