文献类型：期刊文献

中文题名：政府补贴对企业绩效的异质性影响——基于产业生命周期视角

英文题名：Heterogeneous Influence of Government Subsidies on Enterprise Performance:Based on the Perspective of Industry Life Cycle

作者：郑飞[1];申香华[1];卢任[2]

第一作者：郑飞

机构：[1]河南财经政法大学会计学院,河南郑州450046;[2]广东财经大学工商管理学院,广东广州510320

第一机构：河南财经政法大学会计学院

年份：2021

卷号：38

期号：1

起止页码：96-104

中文期刊名：经济经纬

外文期刊名：Economic Survey

收录：CSTPCD;;国家哲学社会科学学术期刊数据库;北大核心:【北大核心2020】；CSSCI:【CSSCI2021_2022】；

基金：国家社会科学基金重点项目(19AGL011);河南省教育厅人文社会科学基金项目(2018-ZZJH-016);广东省社会科学基金项目(GD19CGL05)。

语种：中文

中文关键词：财政补贴;企业绩效;产业生命周期

外文关键词：Financial Subsidies;Enterprise Performance;Industry Life Cycle

摘要：使用2013—2017年中国上市公司数据,从产业生命周期的角度对财政补贴与企业绩效间的关系进行实证检验。结果表明:总体而言,财政补贴对企业绩效的影响为正,且呈弱显著;区分产业生命周期阶段后发现,财政补贴显著提升了成长期和衰退期产业中企业的绩效,对形成期和成熟期企业的促进作用较小;进一步细分样本研究显示,财政补贴对成长期和衰退期产业中非国有企业的绩效存在显著激励效应,对形成期的国有企业有弱显著激励效应,对其他类别的企业则无显著影响。
Based the data of Chinese listed companies from 2013 to 2017,this paper empirically tests the relationship between government subsidies and enterprise performance from the perspective of industrial life cycle.The results show that on the whole,the impact of financial subsidies on enterprise performance is positive and weakly significant.However,after distinguishing the stages of the industrial life cycle,the authors find that the financial subsidies significantly stimulate enterprises’performance when the enterprises are in growing or recessing period,but have little influence on their formation or mature period.After having a further study on the subdivided samples,the authors find that financial subsidies have a significant incentive effect on the performance of non-state-owned enterprises in the period of growth or recession,but have a weak and significant incentive effect on state-owned enterprises in the period of formation and even have no significant impact on other types of enterprises.