本文選題：高官落馬 + 反腐敗�。� 參考：《金融研究》2017年09期

【摘要】：本文從理論和實(shí)證兩個方面探討了反腐敗對固定資產(chǎn)投資產(chǎn)生的影響及機(jī)制。我們基于中國地方高級官員被查落馬的事件沖擊,全面考察反腐敗對固定資產(chǎn)投資總量、結(jié)構(gòu)及其效率的影響�；�1998-2013年的省區(qū)面板數(shù)據(jù)及1998-2007年的工業(yè)企業(yè)數(shù)據(jù)庫數(shù)據(jù)實(shí)證發(fā)現(xiàn),高官落馬產(chǎn)生震懾效應(yīng),進(jìn)而顯著地抑制了固定資產(chǎn)投資規(guī)模。這種遏制效應(yīng)主要體現(xiàn)于國有企業(yè)固定資產(chǎn)投資,特別是那些屬于管制程度較強(qiáng)的領(lǐng)域的國有工業(yè)企業(yè)投資,非國有企業(yè)投資活動并未受到負(fù)面影響。從效率角度來看,高官落馬促進(jìn)了高效率的工業(yè)企業(yè)的投資活動,改善了投資資源的配置效率。本文發(fā)現(xiàn)對于理解國有企業(yè)投資行為與政府廉政建設(shè)具有啟示意義,提升政府組織的清廉度、大力推進(jìn)簡政放權(quán),是提升投資動能和效率的有效保障。
[Abstract]:This paper discusses the impact of anti-corruption on fixed assets investment and its mechanism from two aspects of theory and demonstration. Based on the impact of the incident of local senior officials in China, we examine the impact of anti-corruption on the total amount, structure and efficiency of fixed assets investment. Based on the 1998-2013 year provincial panel data and 1998-2007 years The database data of industrial enterprises found that the high officials had a deterrent effect, and thus significantly inhibited the investment scale of fixed assets, which mainly reflected the investment in the fixed assets of the state-owned enterprises, especially those of the state-owned industrial enterprises which belong to the field of stronger control, and the investment activities of non-state-owned enterprises were not received. From the point of view of efficiency, high officials have promoted the investment activities of high efficiency industrial enterprises and improved the efficiency of the allocation of investment resources. This article finds that it is of great significance to understand the investment behavior of state-owned enterprises and the construction of government clean government, to improve the integrity of government organizations and to promote the decentralization of the government, and to promote the kinetic energy of investment. Effective guarantee of efficiency.

【作者單位】： 暨南大學(xué)經(jīng)濟(jì)學(xué)院;廣東外語外貿(mào)大學(xué)廣東國際戰(zhàn)略研究院;廈門大學(xué)經(jīng)濟(jì)學(xué)院;
【基金】：國家自然科學(xué)基金項(xiàng)目(71303063;71773038;71403062) 中央高校基本科研業(yè)務(wù)費(fèi)專項(xiàng)資金項(xiàng)目(15JNQM029)資助
【分類號】：D262.6;F275
，

本文編號：1894736