“政府背景”是否阻碍了企业实施国际化战略  

Does the Government Background Hinder Enterprises from Implementing the Strategy of Internationalization

作　　者：罗进辉[1] 郑威[1] 席夏菲 

机构地区：[1]厦门大学管理学院,福建厦门361005

出　　处：《山西财经大学学报》2014年第7期1-14,共14页Journal of Shanxi University of Finance and Economics

基　　金：国家自然科学基金青年项目(71202061);福建省社会科学规划青年项目(2012C027)

摘　　要：使用2002~2010年我国A股上市公司8 035个年度观察样本数据,实证分析了政府背景、产品市场竞争对企业实施国际化战略的影响。研究结果表明,政府背景显著抑制了公司实施国际化战略,国有控股上市公司的国有股权比例越高,其实施国际化战略的概率和国际化水平就越低;产品市场竞争有利于减弱政府背景对公司实施国际化战略的抑制作用,当公司处于产品市场竞争程度较高的行业时,政府背景的抑制作用显著更弱。Based on a panel data of 8035 firm-year observations of Chinese A-share listed companies from 2002 to 2010, this paper empirically analyzes the impact of government background and product market competition on enterprises implementing the strategy of internationalization. Results show that, the government background significantly hinders enterprises from implementing the strategy of internationalization, and both state-owned identity and state ownership are significantly and negatively related with the like- lihood and degree of internationalization. This study also finds that the product market competition is able to reduce significantly the negative effect of government background. That is, the negative relationship between government background and internationalization is weaker for firms operating in industries with higher competitive market.

关 键 词：政府背景 国有控股 国有股权 产品市场竞争 

分 类 号：F74[经济管理—国际贸易]