兰州财经大学学报 ›› 2022, Vol. 38 ›› Issue (1): 14-29.

• 会计与审计 • 上一篇    下一篇

混改背景下地方政府竞争对股东网络关系生成的影响研究

  

  1. 江苏师范大学 商学院
    苏州大学 东吴商学院
  • 出版日期:2022-02-20 发布日期:2022-03-22
  • 基金资助:
    教育部人文社会科学研究规划基金项目“企业过度负债背景下机构投资者替代负债监督的机制与路径研究”(15YJA630043)

Research on the Influence of Local Government Competition on the Formation of Shareholder Network Relationship under the Background of Mixed Reform

  • Online:2022-02-20 Published:2022-03-22

摘要:

以2010—2019年沪深A股上市公司为样本,研究我国地方政府竞争对股东网络关系生成的影响。实证研究发现:地方政府竞争与股东网络关系显著相关,财税竞争、标尺竞争促进股东网络关系的生成,而制度竞争阻碍股东网络关系的生成。调节效应研究发现:制度竞争、标尺竞争对财税竞争与股东网络关系之间关系具有调节效应;不同地区下,制度竞争、标尺竞争对财税竞争与股东网络关系之间关系的调节效应不同。研究主要从外部宏观环境分析了股东网络的生成,拓展了企业网络的研究维度,发现了不同于西方经济社会环境下股东网络关系生成的因素。

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Abstract:

This paper studies the impact of local government competition on the generation of share⁃holder network relations in China by taking A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2010 to 2019 as samples. Empirical research shows that local government competition is significantly related to the shareholder network. Fiscal and tax competition and yardstick competition promote the formation of shareholder network relations,while institutional competition hinders the formation of shareholder network relations. The study of moderating effect shows that institutional competition and yardstick competition have moderating effects on the relationship between fiscal and tax competition and shareholder networks,which is varied by regions.The research mainly analyzes the formation of the shareholder network from the external macro environment,expands the research dimension of the enterprise network,and discovers the formation factors of the shareholder network which are different from that in the western economic and social environment.

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