产业政策对企业跨界经营行为的影响

发布时间：2018-02-24 11:06

本文关键词： 产业政策跨界经营政策寻租企业绩效　出处：《技术经济》2017年02期 　论文类型：期刊论文

【摘要】：基于2006—2015年中国A股上市公司的数据,研究了产业政策对企业跨界经营行为的影响。结果表明:产业政策会引导企业通过跨界经营进入政策支持行业;通过有关联跨界进入政策支持行业的企业的经营绩效会显著提高,而无关联跨界反而会降低企业价值;在产业政策的引导作用下,企业为了政策寻租而采取的无关联跨界行为,既不利于自身的长远发展,又会降低产业政策的效果。
[Abstract]:Based on the data of A-share listed companies in China from 2006 to 2015, this paper studies the influence of industrial policies on the cross-border management behavior of enterprises. The results show that industrial policies will guide enterprises to enter the industry through cross-border management. The business performance of the enterprises that enter the policy support industry through the related cross border will be significantly improved, but the value of the enterprise will be reduced by the non-related cross border; under the guidance of the industrial policy, the enterprises adopt the non-related cross-border behavior for the purpose of policy rent-seeking. Is not conducive to their own long-term development, but also reduce the effect of industrial policy.
【作者单位】：复旦大学管理学院;上海证券交易所;
【分类号】：F120;F272.3

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