南开经济研究
南開經濟研究
남개경제연구
Nankai Economic Studies
2008年
4期
16~32
,共null页
零售业 制造业 渠道势力 纵向压榨 过度投资
零售業 製造業 渠道勢力 縱嚮壓榨 過度投資
령수업 제조업 거도세력 종향압자 과도투자
Retailing; Manufacturing; Channel Power; Vertical Squeeze; Overinvestment
本文从产业纵向关系的视角研究了零售势力压榨制造业的利润问题，建立了产业间投资决策的权衡模型，获得了国内外研究未有定论零售势力压榨制造业利润的实证证据；通过对1995-2005年中国18个轻工制造业与零售业盈利影响因素面板数据进行实证研究，发现中国零售业利用渠道势力，对制造业的利润进行了纵向压榨，而制造业必须依靠增加投资来维持利润，从这一角度揭示了中国制造业目前产业技术水平不高、增长手段局限于简单的规模扩张现象的原因。
本文從產業縱嚮關繫的視角研究瞭零售勢力壓榨製造業的利潤問題，建立瞭產業間投資決策的權衡模型，穫得瞭國內外研究未有定論零售勢力壓榨製造業利潤的實證證據；通過對1995-2005年中國18箇輕工製造業與零售業盈利影響因素麵闆數據進行實證研究，髮現中國零售業利用渠道勢力，對製造業的利潤進行瞭縱嚮壓榨，而製造業必鬚依靠增加投資來維持利潤，從這一角度揭示瞭中國製造業目前產業技術水平不高、增長手段跼限于簡單的規模擴張現象的原因。
본문종산업종향관계적시각연구료령수세력압자제조업적리윤문제，건립료산업간투자결책적권형모형，획득료국내외연구미유정론령수세력압자제조업리윤적실증증거；통과대1995-2005년중국18개경공제조업여령수업영리영향인소면판수거진행실증연구，발현중국령수업이용거도세력，대제조업적리윤진행료종향압자，이제조업필수의고증가투자래유지리윤，종저일각도게시료중국제조업목전산업기술수평불고、증장수단국한우간단적규모확장현상적원인。
This paper investigates the vertical from the viewpoint of vertical relationship. investment decision-making and acquired the squeeze between retailing and manufacturing We proposed a tradeoff model for industry empirical evidence of vertical squeeze which has not been perorated by oversea research yet. A panel data contains the factors impacting 18 light manufacturing and retailing＇s earnings was used to test the model. We find that channel power was capitalized by retailing to execute vertical squeeze on manufacturing, and increase investment is the only way for manufacturing to maintain its profit. In this perspective ,the technology level of Chinese manufacturing is so low that scale expansion was the barely instrument to keep growth.
