国家、资本市场与多元化战略在中国的兴衰——一个新制度主义的公司战略解释框架

发布时间：2018-03-15 21:50

本文选题：新制度主义　切入点：公司战略　出处：《社会学研究》2011年06期 　论文类型：期刊论文

【摘要】：本文采用社会学新制度主义组织分析的理论框架,强调外部制度环境(国家和资本市场)在塑造大公司内部结构和战略中的作用,尤其是权力和合法性在组织变革中的关键角色。基于676家中国上市公司2000-2007年间的财务和公司治理数据以及相关深度访谈资料,本研究发现,国家政策和资本市场强有力地形塑了上市公司的多元化或专业化战略。尽管多元化对业绩不利,但我国公司仍热衷多元化并由此使我国成为世界上公司多元化程度最高的国家之一。国家和资本市场利用其政治和市场权力推行的"最佳"公司战略和组织形式,经由三种"制度同构"机制被企业采纳。本文主要考察了强制性制度同构机制在多元化和回归专业化过程中的作用,并以此揭示了我国公司进行战略抉择时的制度和社会原因。
[Abstract]:This paper uses the theoretical framework of the organization analysis of new institutionalism in sociology to emphasize the role of external institutional environment (state and capital market) in shaping the internal structure and strategy of large companies. In particular, the key role of power and legitimacy in organizational change. Based on the financial and corporate governance data of 676 listed companies in China from 2000 to 2007 and related in-depth interviews, this study finds that, State policies and capital markets strongly shape the diversification or specialization strategy of listed companies, although diversification is detrimental to performance. But our companies are still keen to diversify and thus make our country one of the most diversified countries in the world. Countries and capital markets use their political and market power to promote "the best" corporate strategies and forms of organization. Through three kinds of "institutional isomorphism" mechanism adopted by enterprises, this paper mainly examines the role of mandatory institutional isomorphism mechanism in the process of diversification and return to specialization, and thus reveals the institutional and social reasons for the strategic choice of Chinese companies.
【作者单位】：中国社会科学院社会学研究所;
【分类号】：F276.6;F091.349

【共引文献】