财经论丛(浙江财经学院学报)
財經論叢(浙江財經學院學報)
재경론총(절강재경학원학보)
Collected Essays on Finance and Economics
2015年
10期
67-76
,共10页
政治关联%企业风险承担%民营上市公司
政治關聯%企業風險承擔%民營上市公司
정치관련%기업풍험승담%민영상시공사
political connection%corporate risk-taking%private listed companies
本文研究了政治关联以及政治关联层级对我国民营上市公司风险承担水平的影响,结果发现:政治关联降低了民营上市公司风险承担水平,且政治关联层级越高,民营上市公司风险承担水平越低。本文的研究深化了对民营企业政治关联所带来的经济后果的认识,同时对加快市场化进程和转变政府职能具有一定的启示意义。
本文研究瞭政治關聯以及政治關聯層級對我國民營上市公司風險承擔水平的影響,結果髮現:政治關聯降低瞭民營上市公司風險承擔水平,且政治關聯層級越高,民營上市公司風險承擔水平越低。本文的研究深化瞭對民營企業政治關聯所帶來的經濟後果的認識,同時對加快市場化進程和轉變政府職能具有一定的啟示意義。
본문연구료정치관련이급정치관련층급대아국민영상시공사풍험승담수평적영향,결과발현:정치관련강저료민영상시공사풍험승담수평,차정치관련층급월고,민영상시공사풍험승담수평월저。본문적연구심화료대민영기업정치관련소대래적경제후과적인식,동시대가쾌시장화진정화전변정부직능구유일정적계시의의。
Using the data of China’s A-share private listed companies, we study the influence of political connection on the risk-taking level of private listed companies. The results show that the risk-taking level of private companies with political connection is significantly lower than that of private companies without political connection, and that risk-taking level falls while political connection becomes closer. This study not only deepens our cognition to the economic results of political con-nection of private companies, but also has implications for speeding up the process of marketization and transforming govern-ment functions.