政府补贴、产能过剩与企业转型升级——基于制造业上市公司的实证研究  

作　　者：黄昌富[1] 徐锐 张雄林[1] 

机构地区：[1]三峡大学经济与管理学院

出　　处：《企业经济》2018年第3期160-168,共9页Enterprise Economy

基　　金：国家社会科学基金项目"知识集聚的内在机理及对区域经济增长的影响研究"(项目编号:14BJL087)

摘　　要：产能过剩与企业转型升级是当前影响我国经济发展的两个重要因素。本文以2012-2015年间547家深沪股制造业上市公司为样本,实证分析了政府补贴、产能过剩与企业转型升级三者间的相互关系,验证政府补贴对产能过剩与企业转型升级间的调节效应。研究发现:产能过剩对企业转型升级有内在的促进作用;政府补贴与企业产能过剩之间存在显著的正向相关关系;政府补贴对产能过剩与企业转型升级之间的关系起到负向调节作用。根据研究结论,提出要积极推进产业结构调整和企业技术创新,减少政府补贴冲动,淘汰落后产能,而厘清政府和市场的职能边界是化解产能过剩的根本。Overcapacity and the transformation and upgrading of enterprises are two important factors influencing the economic development. This paper took 547 listed manufacturing companies in Shenzhen and Shanghai A-share markets in China as research samples, based on the 2012-2015 panel data, analyzed the relationship among government subsidies, overcapacity and the transformation and upgrading of enterprises, and verified the regulatory effect of government subsidies on overcapacity and the transformation and upgrading of enterprises. The study found that overcapacity has an internal promoting role on the transformation and upgrading of enterprises; and there is a significant positive correlation between government subsidies and overcapacity; also, government subsidies provide a negative regulation role to the relationship of overcapacity and the transformation and upgrading of enterprises. According to the conclusions of the study, it is proposed that we should actively promote the adjustment of industrial structure and technological innovation of enterprises, reduce the impulse of government subsidies, and eliminate backward production capacity, and to clarify the functional boundary between the government and the market is the fundamental to solve the overcapacity.

关 键 词：政府补贴 产能过剩 转型升级 

分 类 号：F124[经济管理—世界经济]