经贸摩擦、组织韧性与企业财务绩效  

Trade Friction, Organizational Resilience, andEntrepreneurial Financial Performance

作　　者：丁佐琴 千东必 汪小龙 DING Zuoqin;CHUN Dongphil;WANG Xiaolong(School of Accounting,Wuxi Taihu University,Wuxi,Jiangsu 214064,China;School of Economics,Pukyong National University,Busan 48547,Korea)

机构地区：[1]无锡太湖学院会计学院,江苏无锡214064 [2]国立釜庆大学技术经营大学院,韩国釜山612022

出　　处：《中州大学学报》2024年第4期19-25,共7页Journal of Zhongzhou University

基　　金：国家哲学社会科学基金项目(19BJL020);江苏高校“青蓝工程”资助项目(JSGX004)。

摘　　要：针对经贸摩擦影响企业财务绩效问题,基于2013—2022年中国沪深A股142家半导体上市公司年报数据,依据波特假说理论和财务分析理论,运用中介效应模型实证分析经贸摩擦、组织韧性与企业财务绩效的关系。研究发现:经贸摩擦显著提高了企业财务绩效;组织韧性在经贸摩擦与企业财务绩效之间发挥了中介作用;股权结构以及高管特征显著调节了组织韧性对经贸摩擦与企业财务绩效关系的中介作用,即当企业为国有持股或高管为硕士及以上学历时,经贸摩擦对企业财务绩效的抑制作用减弱。研究揭示了经贸摩擦对企业微观财务绩效的影响路径以及经贸摩擦下组织韧性对企业财务绩效的治理作用,为制定双向所有制改革政策,构建现代化公司治理结构从而实现科技创新型企业“高质量发展”提供经验证据。In response to the issue of trade frictions affecting corporate financial performance,based on the annual report data of 142 semiconductor listed companies in China’s Shanghai and Shenzhen A-shares from 2013 to 2022,and based on the porter theory and financial analysis theory,the intermediary effect model is used to empirically analyze the relationship between trade frictions,organizational resilience,and corporate financial performance.Research has found that economic and trade frictions significantly improve corporate financial performance;Organizational resilience plays a mediating role between economic and trade frictions and entrepreneurial financial performance;The equity structure and executive characteristics significantly regulate the mediating effect of organizational resilience on the relationship between trade frictions and entrepreneurial financial performance.That is,when the enterprise is state-owned or the executive has a graduate degree or above,the inhibitory effect of trade friction on entrepreneurial financial performance weakens.The study reveals the impact path of trade frictions on the micro financial performance of enterprises,as well as the governance role of organizational resilience on entrepreneurial financial performance under trade friction.It provides empirical evidence for formulating two-way ownership reform policies,constructing modern corporate governance structures,and achieving high-quality development of“technological innovation-oriented”enterprises.

关 键 词：经贸摩擦 组织韧性 企业财务绩效 波特假说理论 财务分析理论 

分 类 号：F275[经济管理—企业管理]