CAJ | 학술논문

多元化作为企业剩余资源的配置活动要受到企业资源的制约。在“政府干预”和“内部人控制”并存的制度背景下，政府和内部人为实现自身的利益要求，有能力也有动力利用掌控的资源对国有企业的多元化战略施加影响。文章系统梳理和总结了政府干预、内部人控制对企业资源和多元化经营影响的相关文献，提出：研究框架上应突破单一视角的藩篱，将政府干预、内部人控制和企业资源同时纳入多元化的研究框架，反映它们之间的动态关系；研究内容上应在政府和内部人对多元化模式的影响程度以及如何规范他们的行为和企业多元化模式方面加以扩展；研究深度上应在资源的测度方法、股改前后政府和内部人影响多元化的动机、模式和效果是有所变化等方面加以深入。
다원화작위기업잉여자원적배치활동요수도기업자원적제약。재“정부간예”화“내부인공제”병존적제도배경하，정부화내부인위실현자신적이익요구，유능력야유동력이용장공적자원대국유기업적다원화전략시가영향。문장계통소리화총결료정부간예、내부인공제대기업자원화다원화경영영향적상관문헌，제출：연구광가상응돌파단일시각적번리，장정부간예、내부인공제화기업자원동시납입다원화적연구광가，반영타문지간적동태관계；연구내용상응재정부화내부인대다원화모식적영향정도이급여하규범타문적행위화기업다원화모식방면가이확전；연구심도상응재자원적측도방법、고개전후정부화내부인영향다원화적동궤、모식화효과시유소변화등방면가이심입。
Diversification should berestricted by enterprises' resources, which aims at making full use of remaining resources. Under the system background of"government intervention" coexisting with "internal control", government and the internal would influence the enterprises' diversification strategy by resources to realize their own interests. This paper gives a systematic review and summary of relevant literatures about the impact of government intervention and internal control on the enterprise resources and diversification. Then the paper proposes that it should bring government intervention, internal control as well as enterprise resources into the research frame of diversification to reflect the dynamic relationships among them; It should expand the research content to the degree of government and the internal influencing on diversification mode and how to regulate their behavior and diversification mode to promote enterprises' value;Moreover, it should improve the measuring method of resources as well as compare the change before and after the share splitting reform.