摘要
本文从微观企业的投资行为出发,选取规模和效率两个维度刻画企业的投资行为,系统考察虚拟经济发展、虚拟经济与实体经济的协调发展对企业投资规模与效率的影响。通过理论分析得出结论:虚拟经济发展能显著促进我国企业投资规模的扩大,但对我国企业投资效率的影响并不明确;而虚拟经济与实体经济的协调发展能够显著促进我国企业投资效率的提高,但对我国企业投资规模的影响并不明确。另外本文还通过实证分析的方法,测算出我国虚拟经济的综合发展指数、虚拟经济与实体经济的协调发展指数,以2001—2014年我国上市公司的经验数据为样本,进一步证实了理论分析得出的结论。
Based on the investment behavior of firms,scale and efficiency these two dimensions are chose to describe the investment behavior of firms,and examines the impact of the development of fictitious economy and the coordinated development of fictitious and real economy are examined on investment scale and efficiency of firms in China in this paper. It is concluded that the impact of the development of fictitious economy can significantly improve the investment scale while on investment efficiency of firms in China is not clear;on the other hand,the impact of the coordinated development of fictitious and real economy can significantly improve the investment efficiency of firms in China while on the investment scale of firms in China is not clear. Meanwhile,the paper based on the Chinese listed companies empirical data from 2001 to 2014,using empirical analysis further confirms the above conclusion to infer the synthesize development index of fictitious economy and the coordinated development index of fictitious and real economy.
出处
《中国管理科学》
CSSCI
北大核心
2016年第S1期431-438,共8页
Chinese Journal of Management Science
基金
广义虚拟经济研究专项课题(GX2015-1010(Y))
关键词
虚拟经济
实体经济
投资规模
投资效率
fictitious economy
real economy
investment scale
investment efficiency
