摘要
以“振兴东北”政策下的东北地区经济低迷以及僵尸企业退出难问题为视角,基于1999—2007年中国工业企业数据,采用修正的FN方法对僵尸企业进行识别,研究发现僵尸企业比重大对地区企业绩效有显著的阻碍作用。僵尸企业通过挤占企业投资、降低研发投入及扭曲政府补贴抑制企业绩效,并且民营和外资企业绩效下降幅度大于国有企业。引入工具变量之后进行检验,结论依然稳健。本文为解读东北地区经济低迷现象提供建议,也为加速治理僵尸企业、振兴东北地区经济提供政策依据。
This paper researches on economic depression of Northeast China under the policy of“Revitalizing Northeast China”and the exit problem of zombie firms,based on the data of Chinese industrial enterprises from 1999 to 2007,and the modified FN method which could identify zombie firms.This paper finds that there is a significantly negative correlation between the proportion of zombie firms and enterprise performance.Zombie firms reduce enterprise performance by occupying investment,reducing R&D investment and grabbing the allocation of government subsidies.In this process,the decline of private firms and foreign-funded firms’performance are much greater than state-owned firms.After using the tool variable,the conclusion is still valid.This paper provides a new perspective for understanding the economic downturn phenomenon in northeast China,and provides policy supports for accelerating the disposal of zombie firms and revitalizing the northeast China economy.
作者
叶娇
赵天祎
牛乐泉
YE Jiao;ZHAO Tian-yi;NIU Le-quan(Faculty of Management and Economics,Dalian University of Technology,Dalian 116024,China)
出处
《科技与管理》
2020年第1期29-36,共8页
Science-Technology and Management
关键词
僵尸企业
东北地区
企业绩效
工具变量
zombie firms
Northeast China
enterprise performance
instrument variables
