中国工业经济
中國工業經濟
중국공업경제
China Industrial Economy
2010年
11期
109~119
,共null页
企业社会资本 嵌入风险 等级制社会资本 市场社会资本 动态嵌入
企業社會資本 嵌入風險 等級製社會資本 市場社會資本 動態嵌入
기업사회자본 감입풍험 등급제사회자본 시장사회자본 동태감입
corporate social capital; embedded risk; hierarchical social capital; business social capital; dynamic embeddedness
本文首次从政治网络与市场网络相结合的视角,分析企业社会资本的嵌入风险及其对企业绩效的异质性影响,并运用155家中国企业的调查数据进行了实证检验,结果显示：等级制社会资本可以提升企业的市场权力,但却与运营效率弱性负相关;市场社会资本对企业运营效率改善有着显著的正向促进作用,但却对市场权力没有显著影响。忽视这一特征将为企业的社会资本管理带来过度嵌入的风险。本文还发现,企业对制度环境的嵌入惰性与企业绩效呈显著的负相关。从经济转型进程看,经济发达地区比欠发达地区的企业更能主动利用等级制社会资本来获得市场权力,欠发达地区的企业具有更大的制度环境嵌入惰性,因而也面临着更大的嵌入风险。作者建议企业培育＂自主性嵌入＂能力、构建社会资本动态整合机制、防范社会资本风险,进而提升企业绩效。
本文首次從政治網絡與市場網絡相結閤的視角,分析企業社會資本的嵌入風險及其對企業績效的異質性影響,併運用155傢中國企業的調查數據進行瞭實證檢驗,結果顯示：等級製社會資本可以提升企業的市場權力,但卻與運營效率弱性負相關;市場社會資本對企業運營效率改善有著顯著的正嚮促進作用,但卻對市場權力沒有顯著影響。忽視這一特徵將為企業的社會資本管理帶來過度嵌入的風險。本文還髮現,企業對製度環境的嵌入惰性與企業績效呈顯著的負相關。從經濟轉型進程看,經濟髮達地區比欠髮達地區的企業更能主動利用等級製社會資本來穫得市場權力,欠髮達地區的企業具有更大的製度環境嵌入惰性,因而也麵臨著更大的嵌入風險。作者建議企業培育＂自主性嵌入＂能力、構建社會資本動態整閤機製、防範社會資本風險,進而提升企業績效。
본문수차종정치망락여시장망락상결합적시각,분석기업사회자본적감입풍험급기대기업적효적이질성영향,병운용155가중국기업적조사수거진행료실증검험,결과현시：등급제사회자본가이제승기업적시장권력,단각여운영효솔약성부상관;시장사회자본대기업운영효솔개선유착현저적정향촉진작용,단각대시장권력몰유현저영향。홀시저일특정장위기업적사회자본관리대래과도감입적풍험。본문환발현,기업대제도배경적감입타성여기업적효정현저적부상관。종경제전형진정간,경제발체지구비흠발체지구적기업경능주동이용등급제사회자본래획득시장권력,흠발체지구적기업구유경대적제도배경감입타성,인이야면림착경대적감입풍험。작자건의기업배육＂자주성감입＂능력、구건사회자본동태정합궤제、방범사회자본풍험,진이제승기업적효。
In this paper,from related perspectives of political network and market network,the author anlyze the embeddedness risk and the heterogeneous impact on corporate performance of corporate social capital,and use 155 sample firms in China to conduct empirical examinations,showing evidences that the hierarchical social capital is positively associated with corporate market power,however,has negative impact on the corporate operational efficiency,and that business social capital can promote significantly the operational efficiency but contribute little to corporate market power.There is a potential risk of social capital if this micro structure is neglected.Besides,the embedded inertia in institutional environment is negatively related with corporate performance.From the perspective of economic transition,firms in developed area rely much more on hierarchical social capital to acquire market power than those in undeveloped area,while firms in undeveloped area have more environmental embedded inertia than those in developed area.The author suggest companies cultivate the ability of embedded autonomy,look for the boundary of benefit-risk and establish a dynamically integrative mechanism to prevent risk of social capital and to improve corporate performance.
