摘要
腐败作为制度环境,对企业经营效率具有重要影响。基于2000-2017年A股上市公司的数据,运用面板固定效应模型与自然实验法实证检验了地区腐败与企业经营效率之间的关系。研究结果表明,地区腐败显著降低了企业的经营效率,且这一负向影响在民营企业和市场化程度较低地区的企业中表现更为明显。进一步分析发现,地区腐败影响企业经营效率的主要渠道是企业纯技术效率,而不是企业规模效率。
Corruption,as an institutional environment,has an important impact on the operating efficiency of firms.Based on the data of A-share listed companies from 2000 to 2017,this paper analyzes the relationship between regional corruption and firm efficiency using the panel fixed-effect model and natural experiment method.The empirical results show that regional corruption has a significant inhibitory effect on firm efficiency,and this effect is stronger for non-state-owned firms and firms in regions with less marketization.Furthermore,the main channel through which regional corruption affects firm efficiency is pure technical efficiency,rather than scale efficiency.
作者
董斌
张兰兰
DONG Bin;ZHANG Lanlan(School of Economics and Management,Southeast University,Nanjing 210096,China)
出处
《经济与管理评论》
CSSCI
北大核心
2020年第3期127-139,共13页
Review of Economy and Management
基金
国家社会科学基金项目“不同社会环境下民主制度对腐败现象治理效应的经济学研究”(13BJL002)。
