寻租与企业对行业壁垒的突破——基于中国上市公司的经验证据
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| Title | Rent-Seeking and the Breakthrough Enterprises Achieved in Industry Barries—— the evidences from the Chinese listed enterpr
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| 作者 | 罗党论 赵聪 |
| Author | Luo Danglun and Zhao Cong |
| 作者单位 | 中山大学岭南学院 |
| Organization | LINGNAN COLLEGE,SUN YAT-SEN UNIVERSITY |
| 作者Email | luodl@mail.sysu.edu.cn |
| 中文关键词 | 进入壁垒 政府规制 寻租 市场化水平 |
| Key Words | Barriers to entry；government regulation, barriers to entry, the degree of marketization |
| 内容提要 | 在中国，行业的行政壁垒的普遍存在造就了一批垄断性企业，它们有着超额的利润，从而使得潜在进入企业都希望能进入政府规制的行业，从超额利润中分得“一杯羹”。那么，究竟是什么影响了企业对行业壁垒的突破？本文基于政府规制的部门利益理论，以2005年到2009年的上市公司为样本，发现企业寻租能力越强，企业越容易突破行业壁垒。具体而言，当企业是国有控股以及国有股权比越高企业越会进入行业壁垒高的行业，政治关系越强的企业也容易突破行业壁垒。文章也发现，企业所在的地区市场化地区发展水平也显著影响到了企业对行业壁垒的突破。文章的研究表明，尽管近年来国家出台了不少鼓励行业自由进入的制度规定，但“政府之手”依然是影响企业对行业壁垒突破的关键因素，这对有关部门制定产业政策有很好的借鉴意义。 |
| Abstract | rises which enjoy excess profits, so that those potential to enter the government regulated industry are eager to join in and share a part of the excess profits. Then, what influenced the breakthrough of industry barriers the enterprises achieved? This paper based on the sectional interest theory of regulation, and we collected the Chinese listed companies from 2005 to 2009 as samples. We came to a conclusion that the stronger an enterprise's rent-seeking ability is, specifically when the enterprise is state-owned or the more state-owned equity the enterprise has, it's more likely to enter the industry with a high industry barrier, the stronger enterprises’ political relationship is, the more possibly these enterprises enter into industries of high barriers to entry. Also, the development level of the market in the area where an enterprise is seated, has a significant influence on its breakthrough of the barriers. The research of the paper shows, although in recent years the state promulgated a number of regulations to encourage free entry into industry, the" The hand of the government" is still a key factar to influence enterprises to make a breakthrough in industry barriers, which is worth drawing lessons for relevent departments when making industry policies. |
| 文章编号 | WP306 |
| 登载时间 | 2012-07-10 |
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