制度环境与中国民营企业家的幸福感
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| Title | The Relationship between Institutional Environment and Happiness of China’s Private Business Entrepreneurs
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| 作者 | 辛宇 徐莉萍 李新春 |
| Author | Xin Yu, Xu Liping and Li Xinchun |
| 作者单位 | 中山大学 |
| Organization | Center for Accounting, Finance and Institutions and Business School, Sun Yat-sen University;Business School, Sun Yat-sen University |
| 作者Email | mnsxy@mail.sysu.edu.cn,xuliping@mail.sysu.edu.cn,mnslxc@mail.sysu.edu.cn |
| 中文关键词 | 民营企业家 幸福感 制度环境 影响因素 |
| Key Words | Private Business Entrepreneur; Happiness; Institutional Environment; Determinants |
| 内容提要 | 本文就制度环境与中国民营企业家幸福感之间的关系问题进行了比较系统地考察。我们发现，制度环境越好，民营企业家的幸福感越强。但是，制度环境的这种正面作用效果的程度在具有不同幸福感状态下的民营企业家中的表现是不同的。在幸福组的民营企业家中，这种正面效果相对较弱；在痛苦组的民营企业家中，这种正面效果明显更强。可见，一个公平、有效的制度环境，其政策含义不仅仅是在于锦上添花（即提高幸福组民营企业家的幸福感水平），更重要的是在于雪中送炭（即更加明显地降低和缓解痛苦组民营企业家的痛苦水平）。此外，我们还发现，（1）行业发展前景、规模、盈利状况、经济管理专业背景和收入水平等因素与民营企业家的幸福感指数之间存在着显著正相关关系；（2）负债水平、多元化计划和公司历史等因素则与民营企业家的幸福感指数之间存在着显著负相关关系；（3）前述因素对幸福感作用效果的程度在幸福组和痛苦组的表现也有所不同；（4）在幸福组，持股水平与幸福感显著正相关，在痛苦组，持股水平与幸福感显著负相关，可见，持股水平会明显加大中国民营企业家的幸福感波动程度。 |
| Abstract | This paper analyzes the relationship between institutional environment and happiness of China’s private business entrepreneurs. We find that the better the institutional environment, the happier the entrepreneurs. However, the positive effect of institutional environment on happiness differs depending on the extent of happiness. The effect is less obvious for the happy group, but more significant for the unhappy (painful) group. Therefore, a fair, efficient institutional environment is not only icing on the cake (enhance the happiness of happy entrepreneurs), but also fuel in a snowy whether (mitigate pain of unhappy entrepreneurs). Further, we also find that, (1) happiness index is positively related with industry prospect, firm size, firm profitability, and manager’s business education background and compensation; and negatively related with debt level, firm’s diversification plan, and firm age; (2) to some extent, the above effects also differ between happy and painful groups; (3) there is a positive relationship between shareholding and happiness in happy group, but a negative relationship between them in painful group, which means that shareholding will enhance the variability of happiness. |
| 文章编号 | WP197 |
| 登载时间 | 2012-01-13 |
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