發(fā)布時間：2018-06-21 20:33

  本文選題：冗余資源 + 可利用冗余資源�。� 參考：《浙江工商大學(xué)》2014年碩士論文

【摘要】：冗余資源是否具有應(yīng)對外界突變、抵御突發(fā)風(fēng)險、提高企業(yè)靈活性的作用,學(xué)者們一直存在爭議。2008年金融危機(jī)后,企業(yè)經(jīng)營的外部環(huán)境復(fù)雜多變,冗余資源研究得到了國內(nèi)外學(xué)者的高度關(guān)注。在金融危機(jī)環(huán)境下,冗余資源作為企業(yè)的積累性資源,它可以幫助企業(yè)應(yīng)對外部環(huán)境的突變,起到緩沖作用。但是對于冗余資源的緩沖應(yīng)變作用是否有效,實(shí)證的證據(jù)尚且不足。而金融危機(jī)是一次未知的、不可控的外部環(huán)境突變,這為檢驗冗余資源的緩沖應(yīng)變作用提供了良好的情境。 本文以金融危機(jī)情境為研究背景,通過對企業(yè)冗余資源與企業(yè)業(yè)績波動性之間的關(guān)系進(jìn)行實(shí)證分析,驗證冗余資源在突發(fā)情境下的緩沖應(yīng)對作用。為此,本文選取2005-2010年上交所和深交所上市公司共4086個研究樣本,以公司績效總量與業(yè)績波動性(風(fēng)險角度)分析為切入點(diǎn),分析冗余資源對公司橫向和縱向業(yè)績波動性的影響。同時,加入金融危機(jī)的情景影響,使得本文更具有緩沖性檢驗的意義。通過實(shí)證研究,本文得到以下結(jié)論：(1)通過對冗余資源的總體存量進(jìn)行分析發(fā)現(xiàn),冗余資源對于公司績效和公司業(yè)績波動性存在顯著的相關(guān)關(guān)系,冗余資源能提高企業(yè)績效,但也會增加企業(yè)業(yè)績的風(fēng)險；(2)通過對不同類型的冗余資源分析發(fā)現(xiàn),可利用冗余資源及潛在冗余資源存量越大,公司的績效越高,但公司業(yè)績的風(fēng)險也越大；可重復(fù)利用冗余資源會降低企業(yè)績效,同時加大企業(yè)業(yè)績風(fēng)險；(3)通過加入金融危機(jī)的環(huán)境調(diào)節(jié)因素分析發(fā)現(xiàn),可利用冗余資源與潛在冗余資源與公司業(yè)績波動性之間的正向關(guān)系減弱。在此基礎(chǔ)上,本文結(jié)合中國目前的現(xiàn)實(shí)情況以及企業(yè)的實(shí)際狀況提出了相關(guān)的政策建議。
[Abstract]:Whether the redundant resources can deal with the sudden change of the outside world, resist the sudden risks and improve the flexibility of the enterprise, has always been disputed by scholars. After the financial crisis of 2008, the external environment of the enterprise management is complex and changeable. The research of redundant resources has been highly concerned by scholars at home and abroad. In the environment of financial crisis, redundant resources, as the accumulated resources of enterprises, can help enterprises cope with the sudden changes in the external environment and play a buffer role. However, there is insufficient empirical evidence on whether the buffer effect of redundant resources is effective. However, the financial crisis is an unknown and uncontrollable sudden change of external environment, which provides a good situation for testing the buffer effect of redundant resources. This paper takes the financial crisis situation as the research background, through the empirical analysis of the relationship between the redundant resources and the enterprise performance volatility, verify the buffer response of redundant resources in the sudden situation. Therefore, this paper selects 4086 research samples of listed companies of Shanghai Stock Exchange and Shenzhen Stock Exchange from 2005 to 2010, and analyzes the influence of redundant resources on horizontal and vertical performance volatility of companies through the analysis of total corporate performance and performance volatility (risk angle). At the same time, adding the impact of the financial crisis makes this paper have the significance of buffer test. Through empirical research, this paper draws the following conclusion: 1) by analyzing the total stock of redundant resources, we find that there is a significant correlation between redundant resources and corporate performance volatility, and redundant resources can improve corporate performance. However, it will also increase the risk of enterprise performance. (2) through the analysis of different types of redundant resources, it is found that the larger the stock of available redundant resources and potential redundant resources, the higher the performance of the company, but the greater the risk of corporate performance; The reusable use of redundant resources will reduce the performance of enterprises and increase the risk of enterprise performance. (3) through the analysis of environmental adjustment factors after joining the financial crisis, it is found that, The positive relationship between available redundant resources and potential redundant resources and firm performance volatility is weakened. On this basis, this paper puts forward some relevant policy suggestions according to the current situation of China and the actual situation of enterprises.
【學(xué)位授予單位】：浙江工商大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F275;F832.51

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本文編號：2049923