首页> 中文期刊> 《财经研究》 >产业政策如何影响企业绩效:不同政策与作用路径是否存在影响差异?

产业政策如何影响企业绩效:不同政策与作用路径是否存在影响差异?

         

摘要

文章将产业政策分成供给型、需求型与环境型,依托中国战略性新兴产业分析了不同政策通过政策资源的直接配置以及企业间配置两种作用路径对企业(产业)绩效的影响。研究发现:与供给型政策相结合的补贴行为通过以上两个路径抑制了企业绩效提升;产业政策对不同大小企业的影响存在差异,供给型政策资源的配置在小企业间并未呈现显著的集中特征,但在大企业间政策资源更为集中;供给型政策主要通过政策资源在企业间的配置路径降低大企业绩效,而通过补贴直接配置路径抑制小企业绩效提升;整体看环境型政策对投资、补贴等行为没有显著影响,但对大企业而言,其对政策资源在企业间的分散配置具有负向作用,而这一影响在小企业中则为促进作用。研究还发现,需求型政策有利于资源再配置,供给型政策则尚未显示出积极的资源再配置作用。%This paper divides industrial policies into supply-based,demand-based and environment-based ones,and then studies the influence of different policies on business (industry)performance via the paths of policy resource configuration directly and policy resource configuration between firms indirectly by using the data of Chinese strategic e-merging industries.It arrives at the following conclusions:firstly,the subsidies combining with supply-based policy has inhibited the increase in firm performance by two paths abovementioned together ;secondly ,there are different effects of industrial policies on firms of different sizes,and supply-based policy resource configuration among small firms has no significant concentrated feature but policy resources among large firms are more concentrated;thirdly,supply-based policy reduces the performance of large firms mainly through policy resource configuration between firms indirectly,while supply-based policy has inhibited firm performance mainly through the direct allocation of subsidies in terms of small firms;fourthly,environment-based policy has significant impact on investment, subsidies etc in general,but for large firms,the environment policy has a negative impact on the allocation of policy resources between firms and a positive impact on small firms. The paper also finds that demand-based policy is conducive to resource reallocation,and supply-based policy has not yet shown a positive role in resource reallocation.

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