【摘要】 本文以2012年全国工商联第十次私营企业调查为样本,采用OLS回归模型实证检验了私营企业家获取不同级别政治关联对企业战略选择的影响,并探索了企业家人力资本和地区市场化程度在其中的影响作用。实证结果表明:企业家政治关联对企业选择短期投机行为和长期技术创新都有正向促进作用,且企业家人力资本和地区市场化程度这两个变量在其中有重要调节作用。具体而言,当企业家人力资本和地区市场化程度越高时,政治关联程度高的企业倾向于选择长期技术创新投入,而短期机会主义行为则会减弱,反之亦然。研究结论扩展了中国特定制度环境下政治关联对企业战略决策影响机制的分析框架。更多还原

【Abstract】 Taking the results of the 10th survey of private enterprises by National Association of Industry and Commerce in 2012 as samples,this study empirically analyzed how private entrepreneurs’ different levels of political connection influence enterprise’s strategic choice with OLS regression model. Moreover,the moderating effect of entrepreneur human capital and degree of regional marketization on the relation between political connection level and enterprise strategic choice has also been investigated.The result of this research showed that,entrepreneurs political connection level has a promoting effect on both enterprises’ short- term speculation and technology innovation. Furthermore,the choice of these two behaviors depends on the moderating effect of entrepreneurs’ individual human capital and the degree of marketization. When the degree of human capital and marketization is high,entrepreneurs with political connection tend to choose technology innovation,and vice versa. This research expand the‘political connection and enterprise decision- making’framework in the environment of Chinese specific systems.更多还原