CAJ | 학술논문

从产品市场和金融市场的视角，分析产品市场竞争对组织冗余结构的影响，并在此基础上研究融资约束的情境效应，最后讨论冗余结构偏离对企业绩效的影响。研究结果发现：产品市场竞争越激烈，企业持有的非沉淀性冗余资源比例越少；企业面临的融资约束程度越严重，表现为企业规模越小、企业负债率越低时，产品市场竞争对组织冗余结构的负向影响越强；最后，当企业实际冗余结构偏离标准冗余结构时，将会对企业绩效产生不利影响。研究结论为理论界和企业界进一步加深对组织冗余结构的理解和管理提供了新的理论诠释和实践指导。
종산품시장화금융시장적시각，분석산품시장경쟁대조직용여결구적영향，병재차기출상연구융자약속적정경효응，최후토론용여결구편리대기업적효적영향。연구결과발현：산품시장경쟁월격렬，기업지유적비침정성용여자원비례월소；기업면림적융자약속정도월엄중，표현위기업규모월소、기업부채솔월저시，산품시장경쟁대조직용여결구적부향영향월강；최후，당기업실제용여결구편리표준용여결구시，장회대기업적효산생불리영향。연구결론위이론계화기업계진일보가심대조직용여결구적리해화관리제공료신적이론전석화실천지도。
From the perspective of product and financial markets,this paper analyzes the impact of product market competition on the structure of organization slack,the context effects of financing constraints on that basis,and the impact of the deviation of the structure of organizational slack on the performance.The main conclusions are as follows.Firstly, product market competition becomes more intense,and the percentage of unabsorbed slack that the corporate holds will be less.Secondly,when the financing constraints that firms are faced with become more serious,particularly the size of firm being smaller,the ratio of corporate debt being lower,the negative effect of product market competition on the structure of organizational slack become stronger.Finally,when the actual structure of organizational slack deviates from the standard structure,it will have disadvantaged effects on performance.This study provides a new theoretical interpretation and practical guidance for the theoretical circles and the business community to further deepen the understanding and management of the structure of organizational slack.