民营企业政治关系:影响因素与经济后果——基于制度弹性的分析框架

Determinants and Economic Consequences of Political Connections of Chinese Private Firms:A Theoretical Framework Based on Institutional Flexibility

度量方法、经济后果和影响因素是民营企业政治关系研究的三个重要方面,基于制度弹性的分析框架能够整合这三个方面并阐释政治关系对于制度质量和制度变迁的意义。在度量方法方面,已有文献对于政治关系的度量存在较大差异,并且多采用静态的、虚拟变量度量,动态的、连续变量度量有待充实和完善。在经济后果方面,已有文献对于政治关系积极影响和消极影响的分析主要以公司为评价对象,相对缺乏对政治关系影响实现路径的辨析。在影响因素方面,基于制度弹性的分析框架,建立和维持政治关系是企业寻求和利用制度弹性的一种方式,并且可能改变整体制度质量,甚至推动制度变迁。

Prior literatures show that the measurements,economic consequences and determinants constitute the three important aspects of the research in the political connections of Chinese private firms. The theoretical framework based on institutional flexibility can help us integrate these three aspects and illustrate how political connections affect the institutional quality and the institutional change. Prior studies use various proxies of political connections,most of which are static and dummy variables. Therefore,the dynamic and continuous proxies are proposed for future studies. Regarding the economic consequences of political connections,prior literatures primarily focus on the positive or negative consequences on companies,and there is a lack of the research in the ways of realizing political connections. In terms of the determinants,companies pursue and make use of the institutional flexibility to establish and maintain political connections,which is likely to change the integral institutional quality and even promote institutional change.