【作者】 黄海昕；

【导师】 武立东；

【作者基本信息】 南开大学 ， 公司治理， 2013， 博士

【摘要】 企业集团是我国国民经济的支柱力量,子公司作为集团组织边界及集团组织拓展的主要形式,是整个集团竞争优势的重要来源,研究与探索如何使其在实践运营中得到有效治理对于我国经济发展和社会福利提升均具有重要意义。但相较于国外关于跨国集团子公司的丰富研究成果,我国学术界对本土情境下的子公司相关理论,尤其是对基于集团网络化运营实践的子公司成长理论的探索还略显薄弱,对实践中出现的一些新问题、新现象还缺乏解释力度和指导作用。我国企业集团有其独特的发展路径。一方面,我国现行经济发展处于由计划经济向市场经济转型的阶段,仅简单套用国外基于效率逻辑的分析范式无法对我国企业集团的成长与发展进行有效解释与指导,还需将制度环境要素纳入分析框架。另一方面,随着集团运营实践的网络化,对集团的研究需要转向“企业-市场-网络”的网络视角,将其看作是嵌入在一定的社会关系中的协调合作网络。在这样的实践现实和理论背景下,本研究的目标为：探索在制度环境和技术环境的双重作用下,子公司如何通过实行主导行为来构建或解消对集团网络的嵌入,进而基于最大化的网络效应实现成长的内在机理。为解决这些问题,本研究主要分三个部分逐层深入进行了研究：首先阐明以子公司为核心的研究主体,界定了从子公司行为的分析角度入手,解构子公司主导行为、网络嵌入与成长之间逻辑关系的内容设计。在此基础上,基于对国内外相关研究的评析,本研究采纳了从“关系”维度对网络的定义,并延循了以个体为焦点,研究其对整体网络影响的分析范式。随后,基于确定的研究目标与内容,对子公司主导行为的内在动机、实施条件与影响因素进行了整理分析,指出子公司通过实施主导行为推动了企业集团的网络化进程。并以此为基础进一步地细化,引入子公司面临的就业压力作为来自制度环境合法性压力的代理变量,来深入分析子公司在效率压力和合法性压力的双重驱动下,通过实施主导行为改变网络嵌入实现成长的机理,提出相关研究假设,籍此建构本研究的理论体系。概括而言：即子公司在集团网络内部的嵌入程度不是无限增大的,而是受到网络嵌入的边际效应影响。子公司在满足合法性和追求效率的双重目标驱动下,通过从内部主导向外部主导的转化实现对集团网络的动态嵌入,来追求网络效应的最大化,进而实现成长。最后,本研究以海信集团作为案例研究对象,对研究假设的相关部分进行了深入分析和检验,验证了关于内部主导行为的相关假设。对于案例数据不足的部分,补充选取了2003-2011年间沪深300指数中非金融类上市公司作为研究对象,对外部主导行为的相关假设进行大样本检验。检验结果表明：子公司外部主导行为对公司的成长性的影响总体而言是正向的,尤其对总资产增长率这一指标的影响最为显著。子公司外部主导行为对集团内部网络嵌入程度有负向的影响,说明外部主导行为降低了子公司网络嵌入的联结强度,子公司对外部机会的关注和追求削弱了它与企业集团内部其它结点二元关系层面上的知识、信息和资源的交流。子公司外部主导行为与集团网络外部嵌入程度之间的关系正相关,其余关于制度压力下子公司行为的分析也都得到了数据的支持。本研究主要采用文献研究、案例研究、深度访谈、问卷调查和二手数据分析等研究手段,结合了质性研究与量化研究的分析方法。本研究的创新之处和积极意义在于：首先,本研究结合组织理论和制度理论,将网络观点引入到对企业集团母子公司间关系的分析,是对已有研究的深化与补充,拓展了公司创业理论的研究视角,弥补了交易成本理论、代理理论等对此类问题研究的局限。其次,本研究建立的企业集团的整合研究框架基于我国的转型经济情境,分析在制度环境与技术环境共同作用下,企业集团中子公司的成长路经、以及企业集团网络形态的演变机理,是对企业集团内部横向协调机制问题研究的进一步深化。此外,本研究还将社会网络分析方法引入到对企业集团母子公司关系网络及其子公司治理机制的研究中来,分析母子公司运营网络、子公司特性、环境特性与子公司主导行为的关系；以量化的方式提供有关我国企业集团母子公司关系网络治理层面的重要信息变量,是对已有企业集团关于子公司治理研究描述性编码或定性研究的一个突破和补充。总体而言,本研究是对企业集团内部横向协调机制研究的理论深化,同时也为企业集团管理者提供了一个对子公司进行治理的分析视角。为我国经济转型背景下企业集团中的母公司如何合理的决定子公司决策自主权、有效治理子公司提供了经验支持,也为企业集团子公司治理研究的后续展开奠定基础。更多还原

【Abstract】 Enterprise group is the backbone of our country national economy strength, subsidiary as the group organization boundary and the main form of organization development, is an important source of competitive advantage, the whole group study and explore how to make it get effective governance in practice operation in promoting China’s economic development and social welfare are of great significance. But relative to foreign about multinational group, a subsidiary of the rich research achievements, Chinese scholars of domestic situation, a subsidiary of related theory, especially the network based on the group’s operating practice, a subsidiary of growth theory exploration is slightly weak. Existing researches on some new problems and new phenomena also lack of explanation and guidance.Our country enterprise group has its unique development path. On the one hand, in the current economic development in our country from the planned economy, in which the government fully allocate resources to the market economy, the market completely rationing resources transformation phase, simply apply abroad study of enterprise group based on the efficiency of logic analytical paradigm can’t effectively to the growth and development of enterprise group in our explanation and guidance, therefore institutional environment elements must be incorporated into the analysis framework. On the other hand, along with the practice of group operating network transformation, the study of enterprise group need to network perspective of "enterprise market-network", the enterprise group as a network connection, is embedded in a certain social relations coordination in the network. In such a practice under the background of reality and theory, the goal of this research is:the exploration in the institutional environment and technology environment, under the dual role of subsidiary, how to build a dominant behavior with embedded or dissolution of group network, and then based on the maximization of the inner mechanism of the growth of network effects.To solve these problems, this research mainly is divided into three parts in-depth studied one by one:firstly, introduce the practice of the present study background and significance of theory to clarify of this study is based on unit as the research subject, from the analysis point of view of subsidiary actions are defined; deconstruction, a subsidiary of the leading behavior, embedded network and growth the internal logic relationship between the content design, and to study the overall architecture of the arrangement accordingly. On this basis, based on the domestic and foreign about the network theory, the leading behavior, subsidiary growth related research literature and theory, this study adopted the definition of network from the dimension of "relationship", and follow the individual as the focus, study its impact on the overall network analytical paradigm. Study selected subsidiary dominate the behavior as a breakthrough point, and strive to to grow from subsidiaries behavior to embedded network to which the entire logical chain gives the complete analysis, organic combination of firing a company leading behavior and the network effect, analyzed the dominant behavior by enhancing the mechanism of network effects and then accelerate the development of subsidiary.Secondly, based on certain research goal and the content, the first subsidiary company the leading behavior of intrinsic motivation, implementation, and analyzes the influence factors, points out that the leading behavior and implementation on the one hand, by the subsidiary of rights and interests of the internal drive, at the same time also are motivated by the group of external competitive environment. Subsidiary implementation leading behavior to promote the enterprise group’s network process, based on the perspective of the subsidiary role of dynamic change, this study will group parent-subsidiary constitute the behavior of the structure with dispersion, interdependent, across the unit is divided into four major characteristics of the network learning and elastic structure system. On this basis, the subsidiary company how to achieve its dominant behavior by implementing the group network construction and the elimination the inner mechanism of the dynamic process was studied, and put forward theoretical propositions and research hypothesis.This study used to construct the theoretical proposition, a subsidiary of leading behavior and the logic of network embedded system, namely, under the rule of reason, subsidiary within the group network embedded degree is not unlimited increase, but is affected by the marginal effect of embedded network, the embedded network changes along with the evolution of subsidiary, which led to an external led conversion process from within. On the basis of the theoretical proposition, this study further refinement, facing the employment pressure and introduce subsidiary as the proxy variable from the pressure of system environment legitimacy, to analyze the subsidiary in efficiency and legitimacy of the dual growth, driven by embedded network growth by implementing the leading behavior change mechanism, and put forward the research hypothesis.Thirdly, the use of hisense group as the object of case study, this study analyzes the part of theoretical propositions and preliminary inspection. Sselected the csi300indexes between2003and2011china-africa financial listed companies as the research object. Test results show that:(1) the company’s overall growth subsidiaries outside the leading behavior in general is positive, the influence of the total assets growth rate of the most significant, and the correlation analysis and regression analysis showed a consistent direction.(2) a subsidiary of external dominant behavior has reverse effect on the degree group internal network embedded. Reduces the subsidiary that external dominant behavior embedded network connection strength, the attention of subsidiary to external opportunities and pursue weakened the rest of the enterprise group internal node binary relation level of knowledge, information and communication resources.(3) a subsidiary of external dominated the relationship between the degree of external behavior and group network embedded are related.(4) the analysis of system pressure following company’s behavior are also supported by the data.This research mainly adopts literature research, case studies, in-depth interviews, questionnaire survey and the research methods such as second-hand data analysis, combined with the analysis of qualitative research and quantitative research methods.The innovation of this study and positive significance lies in:first, combined with the organization theory and system theory, this study will be introduced to the network point of view on the analysis of the relationship between enterprise group subsidiary company, is the deepening and complement the existing research, expand the view of corporate entrepreneurship theory studies, makes up for the transaction cost theory, agency theory and so on the limitations of research on this problem.Second, this study established enterprise group integrating research framework based on the transformation of the economic situation in our country, analysis on the institutional environment and technology environment, the growth of the enterprise group, a subsidiary of the path, and the enterprise group in the form of network evolution mechanism, is the enterprise group internal lateral coordination mechanism further deepening of the research.In addition, this research also introduces the method of social network analysis into the group parent-subsidiary relationship network of the enterprise and its subsidiaries in the study of governance mechanism, analysis of parent-subsidiary operation network, subsidiary characteristics, the relationship between environmental features and subsidiary dominated the behavior;In quantitative way to provide the level of our country enterprise group parent-subsidiary relationship network governance variables, important information is about the existing enterprise group subsidiary management research descriptive coding or a breakthrough and complement of qualitative research.Overall, this study is to the enterprise group internal lateral coordination mechanism theory deepening of the research, but also for the enterprise group management provides a subsidiary company of governance perspective. For the parent company in China under the background of economic transformation enterprise group how to reasonable decision subsidiaries decision-making autonomy, effective governance which provides the support experience, also lay a foundation for research into enterprise group governance.更多还原