不确定性冲击、政府采购与企业发展韧性  

Uncertainty Shock,Government Procurement and the Resilience of Enterprise Development

作　　者：潘越[1] 柯进军 宁博[2] PAN Yue;KE Jinjun;NING Bo(School of Economics,Xiamen University;School of Management,Xiamen University)

机构地区：[1]厦门大学经济学院 [2]厦门大学管理学院

出　　处：《数量经济技术经济研究》2024年第4期193-212,共20页Journal of Quantitative & Technological Economics

基　　金：国家自然科学基金青年科学基金项目(72102201);国家自然科学基金面上项目(71972160);国家自然科学基金面上项目(72172134);国家社科基金重点项目(23AZD023)的资助。

摘　　要：面对百年未有之大变局,如何在各种不确定冲击中提高中国企业的发展韧性是党中央尤为关注的重要议题。本文以企业参与政府采购为研究视角,基于2020~2021年A股上市企业的季度数据开展实证研究,探讨政府采购能否以及如何帮助企业应对外部的不确定性冲击。结果显示,在面对全球性公共卫生事件的不确定性冲击时,政府采购有助于提高企业(尤其是民营企业)的发展韧性,而增强企业融资能力和稳定企业发展预期是两条潜在的影响机制。进一步地,对于盈利能力较差、劳动密集型的企业,以及经济欠发达地区的企业而言,政府采购在其面临不确定性冲击时的积极影响更为明显;此外,相比于异地采购,本地政府采购对于韧性的提升作用更为显著。本文最后还发现,政府采购不仅能帮助企业缓解不确定性冲击的负面影响,在冲击结束后也可助其更快地实现价值恢复。本文首次从政府采购视角扩展了企业发展韧性相关的学术认知,对于中国政府部门在历史新征程中制定有为政府和有效市场相结合的经济发展政策具有良好的参考价值。Amid unprecedented global transformations,including geopolitical conflicts and public health crises,uncertainties abound,posing significant challenges to global economic development.In such highly complex and uncertain market environments,the operational governance of micro-enterprises is susceptible to internal and external uncertainties,leading to increased survival pressures.In the face of various sudden shocks,resilience embodies a company’s ability to self-react and adapt to risks and shocks,thereby reducing vulnerability and risk under uncertainty.Resilience is crucial for sustaining high-value growth amidst market uncertainties.Moreover,as the macroeconomy comprises economic activities of various micro units,the resilience of enterprises,as the backbone of China’s economic development,directly influences the development trends and resilience of the macroeconomic system,thus impacting the realization of China’s modernization process.Therefore,in this new era and journey,delving into enhancing enterprises’resilience to various uncertainty challenges is paramount.Procurement is a crucial mechanism for governments to establish economic ties with enterprises,facilitating effective collaboration between capable governments and efficient markets.Besides providing direct economic support to enterprises,can government procurement generate positive economic impacts in situations where enterprises face external uncertainty shocks?This is the main issue this study seeks to address.Based on data crawled from the China Government Procurement Contracts website,this study adopts the participation of enterprises in government procurement as the research perspective.Through empirical research based on quarterly data of A-share listed firms from 2020 to 2021 and data from China Government Procurement Contract announcements,it explores whether and how government procurement can assist firms in coping with external uncertainty shocks.The empirical results indicate that during uncertainty shocks caused by global public

关 键 词：不确定性冲击 政府采购 企业发展韧性 

分 类 号：F230[经济管理—会计学]