摘要
运用1999—2009年在中国A股市场首次发行上市的IPO公司的经验数据,从事后分析的角度研究公司上市之后融资约束与劳动力雇佣增加及公司业绩成长的关系。分析结果表明:缓解IPO公司的融资约束,能够促进公司上市后增加劳动力雇佣;IPO公司加大对劳动力资本的投入,能够显著提升其上市后的会计绩效和基于市场表现的公司业绩。因此,大力发展和完善金融市场,缓解企业的融资约束,以及上市公司扩大对雇佣劳动力资本的投入,有助于创造更多的就业机会,也可以提高公司业绩。
By using historic empirical data of the IPO firms listed in A-share market of China during 1999-2009, the influence is analyzed from the perspective of financing restriction, labor employment increase and firms＇ performance growth after their listed in stock market, and the analysis results indicate that the mitigating of the financing restriction of IPO firms can boost the labor employment after IPO, that IPO firms＇ investment enlargement in labor capital can significantly improve post-IPO accounting performance and market activities based firm performance, thus, more employment opportunities can be helped to create and firm performance can also be promoted by vigorously developing and perfecting financial market to mitigate the financing restriction of the enterprises, and by enlarging the investment in employment labor capital.
出处
《西部论坛》
2014年第3期90-98,共9页
West Forum
