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在温州债务危机爆发后,为制造业“输血”的呼声不绝于耳,政府及银行也相继展开救助。然而资源增加后可能出现的组织冗余对企业绩效有何影响?当前国内外对两者关系的研究并不一致。本文以制造业企业为对象,结合不同类型冗余的特征分别讨论了制造业企业刚性冗余、柔性冗余与企业绩效的关系,并进一步结合中国转型经济时期的制度背景,研究了产权性质的情境效应。本文采用2001—2010年十年的上市公司面板数据对理论假设进行检验,实证结果表明:对于制造业企业而言,刚性冗余与企业绩效之间存在直线负向关系,而柔性冗余与企业绩效之间存在U型曲线关系;制造业企业的产权性质无论是对刚性冗余与企业绩效之间的直线关系还是对柔性冗余与企业绩效之间的曲线关系都具有调节效应影响,但在两类组织冗余中的情境效应刚好相反。本文在增加相关理论研究结论的同时,也对当前制造业“输血”救助行动和公有制企业改革提供了建议。
After the Wenzhou debt crisis erupted, the call for manufacturing “blood transfusion ” was heard. The government and the banks also began to provide assistance. However, the possible effect of organizational redundancy on the corporate performance after the increase in resources is not consistent with the research on the relationship between the two at home and abroad. This article discusses the relationship between rigid redundancy, flexible redundancy and corporate performance of manufacturing companies by considering the characteristics of different types of redundancy. It further combines the institutional background of China’s transitional economy to study the nature of property rights. Situation effects. This paper tests the theoretical assumptions using the listed company’s panel data from 2001 to 2010. The empirical results show that for manufacturing companies, there is a linear negative relationship between rigid redundancy and corporate performance, while flexible redundancy and corporate There is a U-shaped curve between performances; the nature of the property rights of manufacturing companies, whether it is a linear relationship between rigid redundancy and corporate performance or a curve relationship between flexible redundancy and corporate performance, has a regulatory effect, but The situational effects in the two types of organizational redundancy are just the opposite. While adding relevant theoretical research conclusions, this article also provides suggestions on current manufacturing “blood transfusion” rescue operations and public enterprise reforms.