目前,我国国有企业资本结构某种程度上存在畸形发展。企业的资本结构的畸形发展不但导致了企业效率的低下,而且导致了企业各方面利益关系的扭曲与失衡,治理机制难以对经营者形成有效的激励与约束,也妨碍了国有企业改革的进一步深化。 At present, the capital structure of China’s state-owned enterprises is deformed to some extent. The distorted development of the capital structure of enterprises has not only resulted in the low efficiency of the enterprises, but also caused distortions and imbalances in all aspects of the company’s interests. The governance mechanism is difficult to form effective incentives and constraints for the operators, and it has also hindered further deepening the reform of state-owned enterprises. .