摘要
如何通过有效的制度安排延续企业的竞争优势,是制度变迁背景下中国企业面临的核心问题。以2002~2005年中国上市公司为样本,实证分析了外部制度环境和内部治理结构对企业竞争优势的影响。回归结果发现,政府治理质量、市场环境水平、股权集中度、董事会独立性、董事会专业性,以及股权集中度和董事会独立性的互动与企业竞争优势呈正相关关系。研究结果表明,规范的外部制度环境与有效的内部治理结构能提高企业的竞争优势。
How to sustain competitive advantage through effective institutional arrangements is the core issue that Chinese firms are facing under institutional change context.Using data of listed companies in China from 2002 to 2005,the research studies the impact of external institutional environments and internal governance structure on firm competitive advantage.The empirical results indicate government governance quality,market environment level,ownership concentration,board independence,board specialization,interaction of ownership concentration and board independence have significantly positive correlation with firm competitive advantage.We conclude that normative external institutional environments and effective internal governance structure help Chinese firms gain sustainable competitive advantage,and that the source of sustainable competitive advantages should come from the macroscopic institutional competition by governments and microscopic corporate governance competition by firms
出处
《管理学报》
CSSCI
2010年第7期963-971,共9页
Chinese Journal of Management
基金
国家自然科学基金资助项目(70532001
70872048)
教育部新世纪人才支持计划资助项目(NCET-08-0302)
教育部人文社科重点研究基地重大项目(04JJD630004)
南开大学"985工程"资助项目(1050821210)
关键词
外部制度环境
内部治理结构
企业竞争优势
external institutional environments
internal governance structure
firm competitive advantage
