【摘要】 本文基于当前经济新常态的时代背景,研究了营商环境、企业家精神对实体企业绩效的影响,为实体经济发展提供新的参考路径。本文基于2008～2017年中国上市公司数据,构建企业层面的企业家精神衡量指标体系进行实证检验,结果显示:(1)营商环境的完善对实体企业的发展有重要的促进作用,在营商环境逐渐完善的情况下,企业家精神的培育对实体企业绩效有显著的促进作用;(2)进一步的研究显示,企业家精神在营商环境的作用下对不同产权性质的实体企业发展存在异质性,非国有企业在改善营商环境的基础上培育企业家精神对企业绩效有更显著的促进作用;(3)本文为解释企业家精神在营商环境的作用下对不同产权性质的实体企业绩效存在异质性影响这一现象进行门槛检验,结果发现国有企业对于营商环境变化应对不够迅速是导致异质性存在的主要原因。更多还原

【Abstract】 Based on the background of the current economic new normal,this paper studies the impact of business environment and entrepreneurship on the performance of entity enterprises,and provides a new reference path for the development of the real economy.Based on the data of Chinese listed companies from 2008 to 2017,this paper constructs an enterprise-level entrepreneu-rial measurement system to conduct empirical tests.The results show that:first of all,the cultivation of entrepreneurship plays an important role in promoting the development of physical enterprises.This effect has a regulatory effect.Secondly,further research shows that the regulation of the business environment is heterogeneous for the development of entities in different regions,different industries and different property rights.Finally,this paper explains the regulation of the business environment.The phenomenon of heterogeneity is thresholded.It is found that state-owned enterprises are not sensitive to changes in the business environment,which is the main reason for the heterogeneity.更多还原