【摘要】：Krueger(1974)首次提出了“政治關(guān)聯(lián)普遍存在于企業(yè)中”的命題，給國內(nèi)外學(xué)者的研究提供了一個(gè)新的視角，引出了對(duì)企業(yè)政治關(guān)聯(lián)的研究。但是，對(duì)于政治關(guān)聯(lián)對(duì)企業(yè)績效產(chǎn)生正面還是負(fù)面影響這一問題，國內(nèi)外學(xué)者并沒有達(dá)成一致的意見。這可能與企業(yè)所處的制度環(huán)境有很大關(guān)系。 目前，我國法律法規(guī)制度還不健全，對(duì)上市民營企業(yè)產(chǎn)權(quán)的保護(hù)機(jī)制還不完善，所以企業(yè)很可能通過與政府建立政治關(guān)聯(lián)來彌補(bǔ)這一缺陷。那么我國上市民營企業(yè)的政治關(guān)聯(lián)會(huì)影響其績效嗎?如果存在影響是正面還是負(fù)面呢？所以這個(gè)研究不管是對(duì)研究本身還是對(duì)上市民營企業(yè)而言都有重要的意義，所以有必要就上市民營企業(yè)政治關(guān)聯(lián)對(duì)企業(yè)績效的影響進(jìn)行深入研究。 本文選取2009—2011年滬深兩市的1938家民營其企業(yè)為研究樣本，在控制公司特征和公司治理方面的相關(guān)變量下，構(gòu)建回歸模型，檢驗(yàn)了政治關(guān)聯(lián)對(duì)企業(yè)績效的影響。又從中央和地方政治關(guān)聯(lián)兩個(gè)角度分別檢驗(yàn)了政治關(guān)聯(lián)對(duì)企業(yè)績效的影響，同時(shí)還檢驗(yàn)了企業(yè)具有政治關(guān)聯(lián)背景人數(shù)的比例對(duì)企業(yè)績效的影響。最后還檢驗(yàn)了制度背景差異下政治關(guān)聯(lián)對(duì)企業(yè)績效影響。 研究結(jié)果表明政治關(guān)聯(lián)對(duì)企業(yè)績效有重大的影響。（1）從整體來看，我國上市民營企業(yè)的政治關(guān)聯(lián)對(duì)企業(yè)的績效產(chǎn)生正面影響，即企業(yè)建立政治關(guān)聯(lián)能為企業(yè)帶來益處，促進(jìn)企業(yè)績效提高。（2）從政治關(guān)聯(lián)的類型來看，地方政府政治關(guān)聯(lián)對(duì)企業(yè)績效不如中央政府政治關(guān)聯(lián)對(duì)企業(yè)績效的相關(guān)度高。（3）企業(yè)高管中具有政治關(guān)聯(lián)的人數(shù)比例與企業(yè)績效呈正相關(guān)。（4）考慮我國的制度背景以后，我國的政治關(guān)聯(lián)對(duì)企業(yè)績效仍顯著存在正相關(guān)。這說明地方政府干預(yù)程度越高，，政治關(guān)聯(lián)對(duì)企業(yè)績效的影響越大。
[Abstract]:Krueger (1974) proposed for the first time the proposition that "political association exists in enterprises" for the first time, which provides a new angle of view for scholars at home and abroad, and leads to the study of corporate political association. However, there is no consensus between domestic and foreign scholars on whether political association has a positive or negative impact on firm performance. This may have much to do with the institutional environment in which the enterprise is located. At present, the system of laws and regulations of our country is not perfect, and the protection mechanism of the property right of listed private enterprises is not perfect, so the enterprises may make up this defect by establishing political connection with the government. Will the political connection of listed private enterprises affect their performance? What if the impact is positive or negative? Therefore, this study is of great significance to both the research itself and the listed private enterprises, so it is necessary to conduct a deep study on the impact of the political association of listed private enterprises on corporate performance. In this paper, 1938 private enterprises in Shanghai and Shenzhen stock markets from 2009 to 2011 are selected as research samples. Under the variables of controlling corporate characteristics and corporate governance, a regression model is constructed to test the influence of political association on corporate performance. At the same time, the paper tests the influence of political association on enterprise performance from the angle of central and local political association, and also examines the influence of the proportion of the number of people with political connection on enterprise performance. Finally, the influence of political association on firm performance is tested under the system background difference. The results show that political association has a significant impact on corporate performance. (1) overall, the political association of listed private enterprises in China has a positive impact on corporate performance, that is, the establishment of political association can bring benefits to enterprises. (2) from the perspective of the type of political association, (3) the proportion of senior executives with political connection has positive correlation with corporate performance. (4) after considering the institutional background of our country, the local government political association is not as relevant to the enterprise performance as the central government. There is still a significant positive correlation between political connections and firm performance in China. This indicates that the higher the degree of local government intervention, the greater the influence of political association on enterprise performance.
【學(xué)位授予單位】：河北經(jīng)貿(mào)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F275;F832.51;F224

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 吳淑琨;股權(quán)結(jié)構(gòu)與公司績效的U型關(guān)系研究——1997～2000年上市公司的實(shí)證研究[J];中國工業(yè)經(jīng)濟(jì);2002年01期

2 于東智;資本結(jié)構(gòu)、債權(quán)治理與公司績效:一項(xiàng)經(jīng)驗(yàn)分析[J];中國工業(yè)經(jīng)濟(jì);2003年01期

3 王承煒,吳沖鋒;公司特征變量在橫截面分析中的研究:來自中國股市的證據(jù)[J];管理工程學(xué)報(bào);2003年02期

4 常健;我國上市公司業(yè)績決定機(jī)制實(shí)證分析[J];管理世界;2003年05期

5 劉學(xué);“空降兵”與原管理團(tuán)隊(duì)的沖突及對(duì)企業(yè)績效的影響[J];管理世界;2003年06期

6 胡旭陽;;民營企業(yè)家的政治身份與民營企業(yè)的融資便利——以浙江省民營百強(qiáng)企業(yè)為例[J];管理世界;2006年05期

7 余明桂;潘紅波;;政治關(guān)系、制度環(huán)境與民營企業(yè)銀行貸款[J];管理世界;2008年08期

8 袁衛(wèi)秋;;上市公司債務(wù)期限結(jié)構(gòu)與經(jīng)營業(yè)績關(guān)系的實(shí)證研究[J];河北經(jīng)貿(mào)大學(xué)學(xué)報(bào);2006年04期

9 肖作平;上市公司資本結(jié)構(gòu)與公司績效互動(dòng)關(guān)系實(shí)證研究[J];管理科學(xué);2005年03期

10 羅黨論;黃瓊宇;;民營企業(yè)的政治關(guān)系與企業(yè)價(jià)值[J];管理科學(xué);2008年06期

相關(guān)碩士學(xué)位論文 前2條

1 萬有華;中國上市公司治理結(jié)構(gòu)對(duì)公司行為及績效的影響研究[D];重慶大學(xué);2003年

2 李陶;我國制造業(yè)上市公司企業(yè)績效的影響因素研究[D];復(fù)旦大學(xué);2009年

本文編號(hào)：2177681