市场竞争与公司产出我国市场竞争状况与公司产出之间关系研究

市场竞争与公司产出——我国市场竞争状况与公司产出之间关系讨论沈远鹏中文摘要始于上世纪 70 年代末的市场经济改革使得中国各个行业的市场竞争状况都发生了巨大变化，这场变化令无数曾己辉煌的公司从人们的视野中消逝，也令无数默默无闻的公司成就为市场大鳄。市场竞争状况对公司经营业绩的影响究竟如何，中外经济学界有着不同看法。本文以国外权威杂志所发表的一篇关于市场竞争状况与公司经营业绩之间关系的统计检验文章为契机，在该文提出的检验模型根底上结合中国现阶段实际情况提出了一简化的非时间序列模型，选取中国局部上市公司为样本进行统计检验，以考查中国市场竞争状况对中国上市公司经营业绩的影响。关键词：市场竞争、经营业绩、统计检验AbstractThe market competition environment in China has so much changed since the Reform at 1970’s. Many famous companies have disappeared and some small companies have grown to market leaders in the Reform. However, there are some argues that market competition can improve company performance.This article uses a model to give the empirical evidence on the relationship between market competition and company performance. The model here is based on a time-series model from an article of Journal of Political Economics, and the results reported here are based on an analysis of some listed companies in China.Key Words: market competition, company performance, statistical regression analysis.引言如我们所知，根据市场竞争程度的不同，经济学家将市场分为了四种类型的市场：完全竞争市场、垄断竞争市场、寡头垄断市场和完全垄断市场。处在不同市场中的公司经营状况会由于所面临的市场竞争状况不同而表现出差异。经济学界对此有不同看法，但一般认为市场竞争有利于提高公司的经营业绩，改善其经营状况。本文引用了 Stephen J. Nichell 于 1996 年发表的文章： Competition and Corporate Performance (Journal of Political Economics, 1996, Vol 104, No.4)，该文以大约 670 家英国上市公司数据为样本，通过统计分析，得出结论：以公司所面临的竞争者数量增加或公司所获得的超额利润减少为表征的市场竞争显...