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在发达资本主义国家,企业集团与股份制是结伴而行的。在我国,则是先有企业集团,尔后才产生股份化的趋势。象中国嘉陵、万宝电器等,都是先组建企业集团,之后才采取股份制形式。尽管股份化是商品经济发展的客观要求,而且以股份形式组建企业集团比老企业股份化或企业集团股份化既方便效果又好。但在我国特定条件下,企业集团的发生与发展要经历横向经济联系——企业集团——股份化几个阶段才能逐步到位。
In the advanced capitalist countries, corporate groups and joint-stock systems are going hand in hand. In our country, it is the first enterprise group, and then the trend of share-basedization will occur. For example, China Jialing and Wanbao Electric Appliances all set up enterprise groups before they adopt a shareholding system. Although the demutualization is an objective requirement for the development of the commodity economy, it is more convenient and effective to set up the enterprise group in the form of shares than the demutualization of the old enterprise or the demutualization of the enterprise group. However, under the specific conditions of our country, the occurrence and development of enterprise groups must undergo horizontal economic ties--in a few stages of corporate groups--together, they can be gradually put in place.