Performance of Private Enterprises Under the Background of New Round of Expansion of State-Owned Enterprises.docVIP

Performance of Private Enterprises Under the Background of New Round of Expansion of State-Owned Enterprises Abstract In this paper， we used the super-efficient DEA method to analyze the performance of Chinese private enterprises. Talked 100 best private enterprises from 2008 to 2012 in China as the representative， we analyze the performance of private enterprises. The results showed that the efficiency levels of the private enterprises had continuously improved from 2008 to 2012， but the overall efficiency level of the private enterprise was lower. There existed large different among the private companies， and nearly half of the efficiency values of the enterprises were at 0.7658 or less. Therefore， the state should pay more attention to the living environment of the private enterprises， the private enterprises should play its due the potential to promote the country’s sustainable development. Key words： Corporate performance； Super-efficient DEA technology； Private enterprise INTRODUCTION Since 2009， along with the Chinese government bailout policies， China’s economy has emerged in the increasingly strong “country back into” wave. To circumvent the impact of the financial crisis， the Chinese government launched a 4 trillion Yuan investment plan. In capital markets， the deep pockets of large state-owned enterprises have entering the construction industry and setting off a craze. After central enterprises Hengtian Group spent 68 million to purchase the 20% stake of the real estate development company of Langfang Hengsheng， The group spent 180 million Yuan to win 30% stake of Langfang Galleria estate in 2009. Private enterprises in estate industry continue to retreat. In recent years， there are two thousand and twelve business license of real are revoked， of which 90% are private enterprises. In addition to real estate enterprises， there exists phenomenon of“the country back into” in other industries such as steel， aviation， coal and food industries. Such as Rizhao i