宏观调控下产品价格受限的分析及其影响探讨.pdf

宏观调控下产品价格受限分析及其影响探讨 摘 要 物价上涨成为时下最热门的话题。政府工作报告明确指出，把防止 价格由结构性上涨演变为明显的通货膨胀作为宏观调控的首要任务。我 们已经看到，市场经济活动中政府管制的因素正在加强，政府对企业产 品的价格限制行为不时见诸报端。众所周知，企业自主定价是市场经济 重要的组成部分之一，国家对企业行为的过多干预，是否会取得适得其 反的效果？政府价格管制与治理通货膨胀是怎样的关系？政府报告中提 出要加强市场和价格监管，那么应该怎样把握，做到价格管制的合理适 度？因为政策原因，许多行业产品价格受到限制，对企业的发展造成了 很大的负面影响，这些企业里面，包括很多的上市公司。由于非市场化 的原因，企业盈利空间被极大的压缩，甚至导致亏损，但是与此相反， 还有一些企业却丝毫不受政府定价约束的影响，充分享受着产品涨价的 收益。中国石油和贵州茅台是其中典型的代表。通过对这两个公司的案 例研究，深刻剖析产品价格受限因素对上市公司盈利能力的影响，以及 由此造成上市公司股价表现迥异的原因。所以，作为投资者，一定要深 入分析不同行业的产品价格受限程度，选取那些自主定价能力强的、同 时产品价格受限少的上市公司进行投资；考虑在通货膨胀的大背景下， 能够顺势涨价并且获取更多利润的上市公司进行投资。对这方面的研究， 有助于我们更好的把握当前形势，做出正确的投资决策。 关键词: 宏观调控、通货膨胀、价格受限、自主定价 THE ANALYSIS AND IMPACT ABOUT PRODUCT PRICES ON LIMITED UNDER MACRO-ECONOMICS CONTROL ABSTRACT The price rising is the most hot topic today. In the government report, to avoid the over speed economy increase and to prevent the evolvement from the price rising to inflation is the main job to macro-economics control. We can see that the control from government enhance these years and there are so many cases in newspaper about the price under government control. Its well known that making a price by corporate themselves is one important part in market economy. Then it is right or not to control the pricing by government? Is there some connections between preventing the inflation and controlling the price by government? How to hold on the degree about the control the market and price according to the government report? In fact, because of the policy, many corporate including the company coming in stock market are affected by the control of price. The control even affect the development of the corporate because their margin was reduced .But at the same time, there are some company who did not be affected by the limitative p