社会资本对企业绩效的影响——基于中国经济转型阶段的研究

›› 2018, Vol. 30 ›› Issue (1): 60-66.

社会资本对企业绩效的影响——基于中国经济转型阶段的研究

万建香, 钟以婷

江西财经大学信息管理学院, 南昌 330022

收稿日期:2015-11-17 出版日期:2018-01-28 发布日期:2018-01-24
通讯作者: 万建香(通讯作者),江西财经大学信息管理学院教授,硕士生导师,博士,中国科学院数学与系统科学研究院博士后。
作者简介:钟以婷,江西财经大学信息管理学院硕士研究生。
基金资助:
国家自然科学基金项目（71563021；71540025；71774073）；国家社会科学基金重大项目（16ZDA014）；江西省社会科学规划重点项目（14YJ01）；江西省教育厅科学技术研究重点项目（GJJ160421）。

The Influence of Social Capital on Enterprise Performance: Based on the Economic Transition Stage of China

Wan Jianxiang, Zhong Yiting

School of Information and Technology, Jiangxi University of Finance and Economics, Nanchang 330032

Received:2015-11-17 Online:2018-01-28 Published:2018-01-24

摘要/Abstract

摘要：

经济转型阶段不同，社会资本对企业绩效影响可能不同，本文从中国经济转型角度分析不同类型社会资本对其影响。经济转型分体制转型与结构转型，文章采用247家中国上市企业的公开财务数据进行实证检验，结果显示：体制转型中，体制社会资本促进市场权力的提升，阻碍经济绩效的发展，市场社会资本改善经济绩效，对市场权力却没有影响；结构转型中，政企关系资本却对传统行业起着抑制作用，对新兴行业有促进作用，其他关系资本促进传统与新兴行业的发展。

关键词: 社会资本, 体制转型, 结构转型, 企业绩效

Abstract:

The influence of social capital on enterprise performance may be different at different stage of economic transformation. This paper analyzes the influence of social capital on enterprise performance from the perspective of China's economic transition. Economic transformation is made up of system transformation and structure transformation. This paper uses public financial data of 247 Chinese listed companies to make an empirical analysis and the result shows:in system transformation, the system social capital promotes the power of market, but hinders the economic performance, and market social capital improves the economic performance, but has little influence on market power; in structure transformation, the social capital between government and enterprises hinders the development of traditional industries and promotes the development of emerging industries, while other social capital promotes both the traditional industries and emerging industries.

Key words: social capital, system transformation, structure transformation, enterprise performance

万建香, 钟以婷. 社会资本对企业绩效的影响——基于中国经济转型阶段的研究[J]. , 2018, 30(1): 60-66.

Wan Jianxiang, Zhong Yiting. The Influence of Social Capital on Enterprise Performance: Based on the Economic Transition Stage of China[J]. , 2018, 30(1): 60-66.

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