摘要
以制度环境与融资约束二元概念为切入点构建"区域制度环境差异与融资约束假说",选择2011-2012年中国制造业民营上市公司为研究对象,考察制度环境、融资约束、生产率及出口倾向间关系。结果表明:中国民营企业出口确实存在"生产率悖论",但加工贸易企业的存在并非是导致"生产率悖论"的主要原因;将生产率分解为纯技术效率和规模效率后,发现"悖论"主要体现为"规模效率悖论";区域制度环境的改善强化生产率对于出口倾向影响;融资约束弱化了生产率对出口的促进作用,强融资约束是造成中国民营企业出口"生产率悖论"根本原因。
By constructing a hypothesis based on the dual-concept of institu- tional environment and financing constraints, this paper selects 536 Chinese manu- facturing private listed companies （2011-2012） to investigate the relationship be- tween productivity and export potentially moderated by the institutional environ- ment and financial constraints. The results confirm the existence of ＂productivity paradox＂ in Chinese private enterprises, while the existence of processing trade enterprises is not the cause of ＂productivity paradox＂ ; then this paper decom- poses the productivity into pure technical efficiency and scale efficiency, finding that ＂productivity paradox＂ mainly stems from the ＂scale efficiency＂ ; region- al institutional environment differences provide a partial explanation for the ＂pro- ductivity paradox＂ and financing constraints are the most important factors con- tributing to ＂productivity paradox＂
出处
《国际贸易问题》
CSSCI
北大核心
2014年第12期114-124,共11页
Journal of International Trade
基金
国家自然科学基金面上项目(编号:71272133)
广东省软科学研究重点项目(编号:2012B070200016)
中央高校基本科研业务费资助项目(编号:2013XZD02)
关键词
生产率悖论
融资约束
制度环境
Productivity paradox
Financing constraints
Institutional environ-ment
Private enterprise
Total factor productivity
