资本密集度对企业高质量发展的影响--基于国有混企的实证分析  

The Influences of Capital Intensity on the High-quality Development of State-owned Mixed-ownership Enterprises--Empirical Test Based on Panel Quantile Regression

作　　者：周志强[1] 王洁莹 易文婷 成鹏飞 ZHOU Zhi-qiang;WANG Jie-ying;YI Wen-ting;CHENG Peng-fei(School of Business,Hunan University of Science and Technology,Xiangtan 411201,China;School of Management,Hunan Institute of Engineering,Xiangtan 411104,China;Research Center of Big Data and,Intelligent Decision Making,Hunan University of Science and Technology,Xiangtan 411201,China;Hunan Engineering Research Center for Intelligent Decision Making and Big Data on Industrial Development,Xiangtan 411201,China)

机构地区：[1]湖南科技大学商学院,湖南湘潭411201 [2]湖南工程学院管理学院,湖南湘潭411104 [3]湖南科技大学大数据与智能决策研究中心,湖南湘潭411201 [4]产业发展大数据与智能决策湖南省工程研究中心,湖南湘潭411201

出　　处：《系统工程》2022年第3期45-55,共11页Systems Engineering

基　　金：国家社会科学基金资助项目(17BJL092);湖南省自然科学基金资助项目(2021JJ30288);湖南省教育厅科学研究重点项目(21A0322)。

摘　　要：基于2007-2018年国有混企的面板数据,运用面板分位数回归,就资本密集度对企业高质量发展的影响进行稳健的实证检验。研究得出,资本密集度对企业高质量发展具有异质性,其中,对于发展质量处于上游和下游水平的企业,资本密集度的高质量发展效应不明显,而对于发展质量处于中游水平的企业,资本密集度对高质量发展具有显著的正向促进作用,这种促进作用随着企业发展质量的提高而不断增强;同时,资本密集度对企业高质量发展的促进效应,随着时间的推移而逐渐减弱。根据结论,进一步提出合理引入外部资本提升资本密集度、充分发挥各类资本的协同作用和分类实施企业改革等政策建议。Based on the panel data of state-owned mixed enterprises from 2007to 2018,we conduct a robust empirical test on the influences of capital intensity on high-quality development of enterprises by using panel quantile regression.The results show that the capital intensity of high quality development effects have heterogeneity.Among them,for the development of the level of quality in the upstream and downstream enterprises,capital intensity effect is not obvious,the high quality of development for the development of quality in the middle level of enterprises,capital intensity for developing high quality has a significantly positive effect.The positive effect is enhanced with the improvement of enterprise development quality.Meanwhile,the positive effect of capital intensity on high-quality development of enterprises gradually weakens as time goes by.According to the conclusion,some policy suggestions are put forward,such as reasonably introducing external capital to improve capital intensity,giving full play to the synergistic effect of all kinds of capital and implementing enterprise reform by classification.

关 键 词：资本密集度 面板分位数回归 高质量发展 国有混企 

分 类 号：F276[经济管理—企业管理]