企业寻租竞争对企业绩效的影响—

摘要利用2000—2017年中国A股上市公司数据,基于竞争视角,重点分析并检验了寻租竞争对企业绩效的影响及其内在机理。研究发现:企业自身的寻租行为可以促进企业绩效,而同一地区企业的寻租竞争则通过抢占政府资源、加重税费负担、降低企业创新水平等内在机理,不仅会抑制企业绩效,而且还发挥负向的调节作用,使企业自身寻租活动的正面效应降低。研究进一步发现:寻租竞争对企业绩效的影响具有异质性,非国有企业和小企业受到寻租竞争的抑制作用更加严重。研究结论在考虑多种因素和使用不同方法检验后依然稳健。企业间的寻租竞争是一种“囚徒困境”式的恶性循环,只有建立公平、透明的市场竞争机制,才能有效遏制寻租竞争。

	Service

	把本文推荐给朋友
	加入我的书架
	加入引用管理器
	Email Alert
	RSS
	作者相关文章
	刘斐然
	胡立君

关键词：寻租竞争企业绩效企业寻租囚徒困境

Abstract： This paper uses the data of China’s listed companies from 2000 to 2017 and focuses on the impact of rent-seeking competition on enterprise performance, and draws the following conclusions. The rent-seeking behavior of enterprise itself can promote enterprise performance, while rent-seeking competition among enterprises not only significantly inhibits enterprise performance, but also plays a moderating effect and makes the profits of enterprise’s rent-seeking activities decline through the internal mechanism of seizing government resources, increasing tax burden, and reducing the innovation level of enterprises. The paper further finds that the impact of rent-seeking competition on enterprise performance is heterogeneous, non-state-owned enterprises and small enterprises’performance are more seriously inhibited by rent-seeking competition. The findings of this paper show that rent-seeking competition among enterprises is a vicious circle of prisoner’s dilemma, and can be effectively restrained only by establishing a fair and transparent market competition mechanism.

Keywords： Rent-Seeking Competition Enterprise Performance Enterprise Rent-Seeking Prisoner’s Dilemma

收稿日期 2019-07-14; 接受日期 ;

作者简介: 刘斐然(1992— ),男,山东淄博人,博士研究生,主要从事产业组织、产业政策研究;胡立君(1961— ),男,湖北天门人,教授,博士生导师,主要从事产业组织、产业政策研究。

引用本文:

刘斐然, 胡立君.企业寻租竞争对企业绩效的影响——企业寻租的囚徒困境[J]. 经济经纬, 2020,2: 125-133

LIU Feiran, HU Lijun.The Influence of Rent-Seeking Competition on Enterprise Performance——The Prisoner’s Dilemma of Enterprise Rent-Seeking[J] Economic Survey, 2020,V37(2): 125-133

链接本文:

http://www.jjjw.org.cn/CN/ 或 http://www.jjjw.org.cn/CN/Y2020/V37/I2/125

陈刚,李树.2013.管制、腐败与幸福:来自CGSS(2006)的经验证据[J].世界经济文汇(4):37-58.
郭玥.2018.政府创新补助的信号传递机制与企业创新[J].中国工业经济(9):98-116.
胡鞍钢,过勇.2001.转型期防治腐败的综合战略与制度设计[J].管理世界 (6):44-55.
黄玖立,李坤望.2013.吃喝、腐败与企业订单[J].经济研究(6):71-84.
黎文靖,胡玉明.2012.国企内部薪酬差距激励了谁?[J].经济研究(12):125-136.
李捷瑜,黄宇丰.2010.转型经济中的贿赂与企业增长[J].经济学(季刊) (4):1467-1484.
李世刚,尹恒.2014.寻租导致的人才误配置的社会成本有多大?[J].经济研究(7):56-66.
林莞娟,王辉,韩涛.2016.股权分置改革对国有控股比例以及企业绩效影响的研究[J].金融研究(1):192-206.
申宇,傅立立,赵静梅.2015.市委书记更替对企业寻租影响的实证研究[J].中国工业经济(9):37-52.
王小鲁,樊纲,胡李鹏.2019.中国分省份市场化指数报告[M].北京:社会科学文献出版社.
魏下海,董志强,金钊.2015.腐败与企业生命力:寻租和抽租影响开工率的经验研究[J].世界经济 (1):105-125.
夏后学,谭清美,白俊红.2019.营商环境、企业寻租与市场创新:来自中国企业营商环境调查的经验证据[J].经济研究(4):84-98.
杨德明,赵璨,曹伟.2017.寻租与企业绩效:“绊脚石”还是“润滑剂”[J].财贸经济 (1):130-145.
杨典.2013.公司治理与企业绩效:基于中国经验的社会学分析[J].中国社会科学(1):72-94,206.
张会荣,张玉明.2013.转轨制度背景下政治关联与中小企业绩效关系分析[J].经济经纬 (5):95-99.
赵璨,王竹泉,杨德明,等.2015.企业迎合行为与政府补贴绩效研究:基于企业不同盈利状况的分析[J].中国工业经济(7):130-145.
赵颖.2016.中国上市公司高管薪酬的同群效应分析[J].中国工业经济(2):114-129.
AYAYDIN H,HAYALOGLU P.2014.The effect of corruption on firm growth:Evidence from firms in Turkey[J].Asian Economic and Financial Review,4(5):607-624.
CAI H,FANG H,XU L.2011.Eat,drink,firms,government:An investigation of corruption from the entertainment and travel costs of chinese firms[J].Journal of Law and Economics,54(1):55-78.
CHEN T,KUNG J K.2018.Busting the “Princelings”:The campaign against corruption in China’s primary land market[J].The Quarterly Journal of Economics,134(1):185-226.
DREHER A,GASSEBNER M.2013.Greasing the wheels? The impact of regulations and corruption on firm entry[J].Public Choice,155(3-4):413-432.
FACCIO M,MASULIS R W,MCCONNELL J J.2006.Political connections and corporate bailouts[J].The Journal of Finance,61(6):2597-2635.
FISMAN R,SVENSSON J.2007.Are corruption and taxation really harmful to growth? Firm level evidence[J].Journal of Development Economics,83(1):63-75.
HECKMAN J J.1979.Sample selection bias as a specification error[J].Econometrica,47(1):153-161.
IQBAL N,DALY V.2014.Rent seeking opportunities and economic growth in transitional economies[J].Economic Modelling,37(2):16-22.
MADDALA G S.1986.Limited-dependent and qualitative variables in econometrics[M].Cambridge:Cambridge University Press.
MAURO P.1995.Corruption and growth[J].The quarterly Journal of Economics,110(3):681-712.
MURPHY K M,SHLEIFER A,VISHNY R W.1993.Why is rent-seeking so costly to growth?[J].American Economic Review,83(2):409-414 .
SVENSSON J.2005.Eight questions about corruption[J].Journal of Economic Perspectives,19(3):19-42.
WANG Y,YOU J .2012.Corruption and firm growth:Evidence from China[J].China Economic Review,23(2):415-433.
WILLIAMS C C,MARTINEZ-PEREZ A,KEDIR A.2016.Does bribery have a negative impact on firm performance? A firm-level analysis across 132 developing countries[J].International Journal of Entrepreneurial Behavior & Research,22(3):398-415.