杜勇,孙帆,胡红燕

• 1:西南大学 经济管理学院，重庆 400715

摘要(Abstract)：

如何有效化解产能过剩是学术研究的热点，也是供给侧改革的难点，更是中国经济高质量发展的关键。近年来，国家提出要建立化解产能过剩的市场化长效机制。文章基于共同机构所有权这一市场化视角，探讨了其去产能效应。研究发现，共同机构所有权通过发挥协同效应和监督效应，显著提升了企业产能利用率。异质性分析表明，共同机构所有权的去产能效应在产能过剩程度较高和劳动型技术偏向的企业、聚集度较高的行业以及经济发达和市场化程度较高的地区更加明显。同时，共同机构所有权的去产能效应导致产能扩张的潮涌现象和恶性竞争明显减少。文章的研究为当前建立化解产能过剩的市场化长效机制进行了有益探索，也为共同机构所有权在资本市场上发挥的具体效应提供了新的理论支撑和经验证据。

关键词(KeyWords)： 共同机构所有权;产能利用率;协同治理;产能攀比

Abstract:

Keywords:

基金项目(Foundation): 国家自然科学基金面上项目（72072146）；重庆市社会科学规划项目（2018PY61）；2022年度中央高校基本科研业务费专项资金项目（SWU2209217）

作者(Author): 杜勇,孙帆,胡红燕

DOI: 10.16538/j.cnki.jfe.20220613.102

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