|
德宏翻译公司关键字：Third, the domestic capital market is not perfect, at a disadvantage in the competition of enterprises and their means of production factors is difficult to implement through market mergers, bankruptcy, transfer. As the complexity of state-owned steel companies in areas and administrative relations and economic development in the region a significant impact, so that some local governments on the issue of mergers in the state-owned enterprises, if the part of foreign mergers and acquisitions of local companies, local government does not actively cooperate with the easier tendency. If off-site corporate mergers and acquisitions of local enterprises, local governments will be more vigorous help. In addition, if the mergers and acquisitions involving private companies at a disadvantage in the state-owned enterprises, will face some resistance. Local government on the issue of mergers and acquisitions in the complex state of mind, an increase of trans-regional mergers and acquisitions and advantages of the difficulty of winning business quickly.Fourth, the placement of workers of enterprise business exit barriers. China's current social security system in many areas did not pay off old scores, in the corporate pension, unemployment, medical insurance, social security has not been perfect expression before, depriving businesses out of business means the livelihood of workers, these workers will face a huge pressure to survive, giving the company's tremendous pressure to exit.Fourth, the industrial barriers to optimize the practical significanceAs China's steel industry barriers to entry is low, many potential entrants likely to be some of the steel industry, the lure of instant profits into blindly; exit barriers as high, low when the industry emerged, many disadvantaged businesses is difficult to leave for various reasons, In order to maintain business survival, had to stay in the industry backs against the wall, the production of capital investment will be valuable to the already saturated production to form a community enormous waste of resources. Moreover, barriers to entry low exit barriers are too high from the root of the Chinese steel market competition is distorted, that is, after a fierce market competition, a group disadvantaged in the market, although the strength of the steel companies were to fall, but still difficult to disappear from the market, the excess supply situation has not been effectively alleviated, backward production capacity has not been completely eliminated. And the survival of the fittest mechanism of distortion, but also lead to mergers and acquisitions among enterprises obstacles. Therefore, the Chinese steel industry and steel-related industries should improve the market and the market into the exit mechanism to ensure survival of the fittest competition mechanism into full play.
|