产品市场竞争与企业行为文献综述  

Product Market Competition and Corporate Behavior:A Review of the Literature

作　　者：钟灵婧 Zhong Lingjing(School of Accounting,Zhongnan University of Economics and Law,Wuhan 430073,China)

机构地区：[1]中南财经政法大学会计学院,湖北武汉430073

出　　处：《中南财经政法大学研究生论丛》2021年第5期91-100,共10页Journal of the Postgraduates of Zhongnan University of Economics and Law

摘　　要：产品市场竞争被认为是用来激励管理者按照企业价值最大化目标经营的最有力的治理工具之一。在这一观念下,多年来大量理论和实证研究都研究了产品市场竞争的影响,也出现了不同的结论。关于产品市场竞争和企业各种行为之间的理论研究大致可以分为四个模块:产品市场竞争理论和计量、产品市场竞争和财务报告披露、产品市场竞争和企业投融资活动、产品市场竞争和企业内部治理。虽然这一领域已具备丰富的文献,但仍然存在值得继续探索的地方。Product market competition is regarded as one of the most powerful governance tools to motivate managers to operate according to the goal of maximizing enterprise value.Under this concept,a large number of theoretical and empirical studies have studied the impact of product market competition over the years.This paper will focus on reviewing the literature on the consequences of product market competition in the areas of accounting,finance,and corporate governance,with a focus on summarizing issues such as financial reporting quality,investment and financing decisions,and the alternative and complementary relationships between product market competition and other internal governance tools.

关 键 词：产品市场竞争 财务报告披露 企业投融资活动 企业内部治理 

分 类 号：F27[经济管理—企业管理]