该文分别利用2000—2012年间按二位数分类分行业工业产业的规模以上企业、大中型企业、国有及国有控股企业、私营企业、外商及港澳台投资企业面板数据,估计了不同所有制资本结构及其变化对企业利润的影响。在控制了销售费用等因素后,研究发现:(1)规模以上全部工业产业国有资本比重对企业利润及增长有显著的负相关效应;(2)大中型企业、国有及国有控股工业产业的个人资本比重对企业利润及增长具有显著的正向效应;(3)私营工业产业的个人资本比重对企业利润及增长具有显著的积极影响;(4)外商及港澳台投资工业产业的国有资本比重对企业利润有负效应,个人资本比重的变化对企业利润有正向影响但并不显著。
With the gradual expansion of Shanghai Free Trade Zone (FTZ), particularly after the including of the Lujiazui Financial Area, influence and penetration of financial reform for FTZ was significantly promoted. How to effectively appraise the regional systematic financial risks in FTZ with the opening promotion, has became to the hot issue in Shanghai financial stability works. Referenced on FSAP macro--prudential assessment framework, this paper analyzed the formation and traits of systematic financial risk in FTZ, carding the types of systematic financial risks, and finally posed some political suggestions to current underlying financial risks.