Can the Political Relationship Capital Really Improve Enterprise’s Growth Performance Based on the Empirical Test of Enterprise Life Cycle
- 10.2991/emle-15.2015.22How to use a DOI?
- political relationship capital; government-enterprise relationship distance; enterprise’s growth performance; enterprise life cycle
Taking the companies listed in Shenzhen Stock Exchange by the end of 2013 as example, this paper uses the Least Square Model to empirically study the government-enterprise relationship and enterprise’s growth performance at different stage in the enterprise life cycle. The result shows that government-enterprise relationship has a positive effect on enterprise’s growth performance at the growth stage and has a negative effect on enterprise’s growth performance at the mature stage. The closer the relationship is, the more obvious the effect it. It doesn’t have a significant effect on enterprise’s growth performance at the decline stage. The empirical results demonstrate that the political relationship is indeed a double-edged sword. Therefore, enterprises should selectively develop a government-enterprise relationship appropriate for own development on the basis of fully understanding and grasping the economic consequences brought by the political relationship.
- © 2016, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Lunlai Wan AU - Chenchen Ren PY - 2015/11 DA - 2015/11 TI - Can the Political Relationship Capital Really Improve Enterprise’s Growth Performance Based on the Empirical Test of Enterprise Life Cycle BT - Proceedings of the 2015 International Conference on Economics, Management, Law and Education PB - Atlantis Press SP - 92 EP - 97 SN - 2352-5398 UR - https://doi.org/10.2991/emle-15.2015.22 DO - 10.2991/emle-15.2015.22 ID - Wan2015/11 ER -