制度环境与企业成长——基于政治关联抑或能力建设的策略选择

发布时间：2018-01-15 04:21

本文关键词：制度环境与企业成长——基于政治关联抑或能力建设的策略选择　出处：《江汉论坛》2017年07期 　论文类型：期刊论文

【摘要】：本文考虑区域间制度环境的差异,利用35个大中城市2010—2013年的非平衡面板数据,实证检验了制度环境对于企业在政治关联与能力建设两种成长策略选择的影响。研究发现:政治关联能够在短期内缓解企业融资约束及提升企业绩效方面产生正向作用,但随着制度环境的向好,企业对政治关联的依赖程度将会下降;门槛回归结果表明,政治关联存在一个效率边界,当制度环境的发展水平超越某一临界值时,企业将基于关联成本而放弃政治关联,将发展的核心回归到内在能力的建设上。在经济转型期间,积极推进政治、经济、社会领域的正式制度改革,能够降低企业发展的交易费用,减弱政治关联的动机,消除公权腐败的利益源头,并使企业将发展的核心资源回置于内在能力的建设上。
[Abstract]:Considering the regional differences in the institutional environment, using the unbalanced panel data of 35 large and medium-sized city from 2010 to 2013, an empirical test of institutional environment for enterprises in the effect of political connection and capacity building of the two kinds of growth strategies. The study found: political connection can have a positive role in alleviating the financing constraints in the short term and the promotion of the enterprise the performance, but with good institutional environment, enterprise of political connection dependent threshold will decrease; the regression result shows that political connection has an efficiency boundary, when the level of development of the institutional environment beyond a critical value, the enterprise will be based on the associated costs and give up the core of the development of political association, will return to the construction of internal ability in the course of economic transformation, and actively promote the political, economic and social reform in the field of formal institution, enterprise development can reduce the transaction costs, weakened The motive of political connection eliminates the source of the interests of public power corruption, and makes the enterprise put the core resources of development back into the construction of internal capacity.

【作者单位】：东北电力大学经济管理学院;
【基金】：国家社会科学基金一般项目“我国工业生态发展与生态环境安全耦合协调度评价研究”(16BJY028) 东北电力大学博士科研启动基金项目“政策不确定性下我国能源金融市场的投资效率与风险预警研究”(BSJXM—2016226)
【分类号】：D0;F279.2
【正文快照】： 在经济转型的过程中,制度供给的不确定性和区域间看,政治关联也会加重企业的负担,包括出于非意愿的慈的制度距离使企业的发展战略安排面临了更大的政策风善捐赠,公益性投资等行为,政府会基于上述方面对企业险,低水平的制度环境使不同权属性质的企业在分享资进行间接的掠夺,所

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