CAJ | 학술논문

文章以2003-2011年A股市场上的地方国有上市公司为样本,研究了官员任期对地方国企捐赠的影响,并探讨了这一影响在不同的正式制度和非正式制度环境下的差异。研究发现：（1）官员因任期考核会追求社会慈善类的＂形象工程＂,具体表现为地方国企捐赠随着官员任期的增加呈现先增后减的趋势;（2）正式制度越完善（以市场化程度、中介组织发育和法制环境来度量）、非正式制度越发达（以宗教氛围来度量）,官员任期对地方国企捐赠的影响越弱;（3）官员任期对地方国企捐赠的影响在＂和谐社会＂提出前后存在显著差异,也因GDP政绩、官员来源和企业政治层级的不同而有所区别。文章从官员任期角度探讨了地方国企的慈善捐赠行为,并拓展和丰富了官员＂晋升锦标赛＂和政府＂掠夺之手＂的相关研究。
문장이2003-2011년A고시장상적지방국유상시공사위양본,연구료관원임기대지방국기연증적영향,병탐토료저일영향재불동적정식제도화비정식제도배경하적차이。연구발현：（1）관원인임기고핵회추구사회자선류적＂형상공정＂,구체표현위지방국기연증수착관원임기적증가정현선증후감적추세;（2）정식제도월완선（이시장화정도、중개조직발육화법제배경래도량）、비정식제도월발체（이종교분위래도량）,관원임기대지방국기연증적영향월약;（3）관원임기대지방국기연증적영향재＂화해사회＂제출전후존재현저차이,야인GDP정적、관원래원화기업정치층급적불동이유소구별。문장종관원임기각도탐토료지방국기적자선연증행위,병탁전화봉부료관원＂진승금표새＂화정부＂략탈지수＂적상관연구。
Using a sample of local state-owned listed companies in A-share market from 2003 to 2011,this paper examines the impact of official tenure on local SOE donations and analyzes the differences of this influence in formal and informal institutions.It comes to the results as follows：firstly,in order to meet the government performance examination,officials will pursue social charity as a means of＂image project＂,namely local SOE donations have an inverted U-shape tendency with the increase in official tenure;secondly,more perfect formal institutions（measured by marketization,the development of intermediary organizations and legal environment）and more growing informal institutions（measured by religious atmosphere）result in weaker effect of official tenure on local SOE donations;thirdly,the effect of official tenure on local SOE donations differs significantly before the proposal of harmonious society and varies with GDP performance,official origins and political levels of firms.This paper discusses local SOE donations from a perspective of official tenure,and extends enriches relevant study on officials＇ championship promotion and the grabbing hand from governments.