摘要
本文利用2012年世界银行调查数据,考察非正规部门灰色竞争对正规企业绩效的影响。研究表明,非正规部门灰色竞争不仅会降低正规企业净利润,而且还会降低正规企业销售额,即非正规部门灰色竞争会抑制正规企业绩效的提升,在克服内生性问题和变换估计方式等一系列稳健性检验后研究结论依然成立。分营商环境看,在政府管制越轻、中介组织体系越成熟、法律环境越好、产权保护越完善的地区,非正规部门灰色竞争对正规企业绩效的抑制效应越小。分行业看,与高技术行业相比,非正规部门灰色竞争对低技术行业正规企业的绩效负面影响更大。机制检验表明,非正规部门灰色竞争会加剧正规企业融资约束、抑制正规企业创新,进而降低正规企业绩效。本文的研究结论为政府出台针对非正规部门的相关政策方案提供了有益的参考和借鉴。
This paper examines the effect of gray competition from informal sectors on formal business performance by using the World Bank 2012 survey data.The research shows that the gray competition from the informal sectors would reduce not only the net profit of formal enterprises,but also the sales of formal enterprises,i.e.the gray competition from the informal sector would inhibit the improvement of the performance of formal enterprises.The conclusions of the study are still valid after a series of robustness tests such as overcoming endogenous problems and transformation estimation methods.From the perspective of business environment,in the areas where the government regulation is lighter,the intermediary organization system is more mature,the legal environment is better,and the property rights protection is more perfect,the suppression effect of gray competition from the informal sector on the performance of formal enterprises is smaller.From the perspective of industry,compared with the high-tech industry,the gray competition from the informal sector has a greater negative impact on the performance of formal enterprises in the low-tech sector.The mechanism test shows that the gray competition from the informal sector would aggravate the formal corporate financing constraints,inhibit formal enterprise innovation and then reduce the performance of formal enterprises.The conclusions of this paper provide useful reference for the government to make relevant policy programs for the informal sectors.
作者
龚广祥
Gong Guangxiang(Institute for the Development of Central China,Wuhan University,Wuhan 430072,China)
出处
《中国科技论坛》
CSSCI
北大核心
2020年第2期80-90,共11页
Forum on Science and Technology in China
基金
江西省社会科学规划一般项目“‘互联网+’背景下江西制造业质量提升机制与路径研究”(19JL01)
关键词
非正规部门
灰色竞争
营商环境
企业绩效
Informal sectors
Gray competition
Business environment
Business performance
