产业政策偏好、社会责任属性与民营企业绩效

发布时间：2018-01-17 21:24

本文关键词：产业政策偏好、社会责任属性与民营企业绩效　出处：《财经问题研究》2017年07期 　论文类型：期刊论文

【摘要】：本文采用2005—2015年中国制造业民营上市公司数据,研究了产业政策的社会责任属性对民营企业行为和绩效的影响。研究发现,选择性产业政策使受鼓励产业中的民营企业较易获得银行信贷,但并未相应提升企业绩效,信贷率与企业绩效之间呈现"U型"关系。民营企业在实现自身发展的同时,承担了大量由产业政策传导的社会责任,造成了民营企业行为的扭曲。在制造业整体产能过剩的情况下,本应选择退出市场的民营企业在产业政策支持下依然选择留在市场中,不仅降低了企业绩效,也扭曲了市场机制的作用。产业政策偏好于行政调控以及由政府选择产业内"优胜者",激发了民营企业盲目超规模投资,不利于企业绩效和产能利用率的提高。规范产业政策的制定和实施,理顺企业社会责任,能够提升民营企业绩效。
[Abstract]:Based on the data of Chinese manufacturing private listed companies from 2005 to 2015, this paper studies the impact of the social responsibility attributes of industrial policies on the behavior and performance of private enterprises. Selective industrial policy makes it easier for private enterprises in encouraged industries to obtain bank credit, but it does not improve enterprise performance accordingly. The relationship between credit rate and enterprise performance is "U-shaped". Private enterprises, while realizing their own development, bear a large number of social responsibilities transmitted by industrial policies. In the case of manufacturing overcapacity, private enterprises that should choose to withdraw from the market still choose to stay in the market under the support of industrial policy, which not only reduces the performance of enterprises. It also distorts the role of market mechanism. Industrial policy preference for administrative regulation and selection by the government of the "winner" within the industry, has stimulated private enterprises to invest blindly and excessively. It is not conducive to the improvement of enterprise performance and productivity utilization. Standardizing the formulation and implementation of industrial policies and straightening out corporate social responsibility can improve the performance of private enterprises.
【作者单位】：山东大学经济学院;
【基金】：国家社会科学基金项目“要素价格上涨与环境规制趋紧下的中国制造业转型升级路径研究”(14BJY081)
【分类号】：F276.5
【正文快照】： 一、引言学术界围绕产业政策的争论一直持续不断,尤其是关于产业政策是否促进了经济增长、产业政策是否有效,仍是经济学者们关注的热点问题。Young[1]对东亚和拉美地区的产业政策进行了研究,认为产业政策对经济增长无效甚至还起到反作用,而Greenwald和Stiglitz[2]却认为产业政

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