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技术进步是企业纵向边界的重要影响因素。以交易成本、资产专用性、不确定性和企业能力理论为基础,讨论了技术进步影响企业纵向边界的理论机制,并利用中国工业企业2002-2007年的面板数据进行了实证检验。结果表明:技术进步对企业纵向边界具有显著的负效应,技术进步速度越快,企业越倾向于专业化生产从而缩小纵向边界;同时,较分散的市场结构促使企业采取一体化战略,资产负债率对纵向边界存在负效应,而产权结构和信息化水平对企业纵向边界的影响并不显著。
Technological progress is an important factor in the vertical boundaries of an enterprise. On the basis of transaction cost, asset specificity, uncertainty and enterprise competence theory, the paper discusses the theoretical mechanism of the influence of technological progress on the vertical boundary of a firm and conducts an empirical test by using the panel data of Chinese industrial enterprises from 2002 to 2007. The results show that: the technological progress has a significant negative effect on the vertical boundary of the enterprise, the faster the technological progress, the more the enterprises are inclined to specialized production to narrow the vertical boundary; at the same time, the more dispersed market structure encourages the enterprises to adopt the integrated strategy, There is a negative effect on the vertical boundary, while the impact of ownership structure and information level on the vertical boundary of the enterprise is not significant.