民营企业绩效的关键影响因素与驱动机制——基于粤港澳大湾区的混合实证分析  

Key Factors and Driving Mechanisms of Private Enterprise Performance——A Hybrid Empirical Analysis Based on the Guangdong-Hong Kong-Macao Greater Bay Area

作　　者：李繁博 Li Fanbo(School of Social Sciences,Tsinghua University,Beijing 100084,China)

机构地区：[1]清华大学社会科学学院,北京100084

出　　处：《创新科技》2025年第3期55-67,共13页Innovation science and technology

基　　金：国家社会科学基金社科学术社团主题学术活动资助课题“中国式现代化背景下民营经济发展研究”(23STA016)。

摘　　要：在全球经济发展中,民营企业的作用日益凸显。研究旨在探讨知识积累倾向、制度环境、管理能力、企业成长和交易效率等5个因素对民营企业内生与外在经济表现的综合影响。尽管已有文献表明这些因素对企业绩效提升至关重要,但大多数研究未能全面揭示多因素之间的相互作用及其对经济表现的复杂影响。通过对粤港澳大湾区民营企业的实证分析,采用结构方程模型(SEM)与模糊集定性比较分析(fsQCA)相结合的方法,深入探讨了上述5个因素的作用机制。研究结果表明:知识积累倾向通过增强管理能力,显著提升了民营企业的内生经济表现;制度环境通过提高交易效率和促进企业成长,进一步提升了民营企业的外在经济表现。此外,fsQCA分析识别了多种条件组合下的经济表现路径,突出了多重因素的协同效应。研究的理论贡献在于深化了企业知识管理理论和制度经济学理论,并为民营企业在复杂市场环境中优化管理策略提供了实证支持和实践指导。This study aims to investigate the key factors and driving mechanisms of the economic performance of private enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area.Focusing on knowledge accumulation tendencies,management capabilities,enterprise growth,institutional environment,and transaction costs,the research explores their comprehensive impact on both endogenous and external economic performance.By constructing an integrated theoretical model and employing both Structural Equation Modeling(SEM)and fuzzy-set Qualitative Comparative Analysis(fsQCA),this study reveals how knowledge management and institutional frameworks interact to enhance the economic performance of private enterprises in complex market environments.The findings show that knowledge accumulation significantly improves management capabilities,which,in turn,enhances the internal economic performance of enterprises by optimizing management efficiency and resource allocation.Knowledge accumulation not only improves technical capabilities and market responsiveness but also enhances decision-making quality,providing strong support for sustained business growth.Furthermore,the study finds a significant positive relationship between knowledge accumulation tendencies and enterprise growth,indicating that knowledge accumulation is a key driver of business expansion.Additionally,management capability plays a significant mediating role between knowledge accumulation tendencies and endogenous economic performance.Enhanced management capacity enables enterprises to better integrate internal resources,improve operational efficiency,and respond effectively to market uncertainties.However,enterprise growth does not significantly mediate the relationship between knowledge accumulation and endogenous economic performance,suggesting that the impact of knowledge accumulation can independently affect economic outcomes without relying on the enterprise growth path.The institutional environment significantly affects both enterprise growth and transaction costs.A

关 键 词：民营企业 经济表现 SEM-QCA方法 企业知识管理 制度经济 

分 类 号：F49[经济管理—产业经济]