吴铖铖,吴自爱,孙 鑫.体育产业上市公司政府补助与经营绩效关系研究——基于股权集中度的调节效应检验[J].重庆文理学院学报,2021,40(3):53-64.
体育产业上市公司政府补助与经营绩效关系研究——基于股权集中度的调节效应检验
Research on the Relationship between Government Subsidies and Business Performance of Listed Sports Companies: Adjustment Effect Test Based on Ownership Concentration Degree
  
DOI:
中文关键词:  体育产业  政府补助  股权集中度  经营绩效
英文关键词:sports industry  government subsidies  ownership concentration  business performance
基金项目:安徽省社会科学创新发展研究课题重大研究项目“新一代人工智能开放创新平台建设的安徽布局及其重点工程——兼论技术创新链视角下长三角区域创新合作”(2019ZD005);池州学院人文社会科学研究一般项目“高质量一体化发展背景下长三角民营企业技术创新与经营绩效耦合协调及空间差异研究”(CZ2019RW06)
作者单位
吴铖铖 池州学院 商学院 安徽 池州 247000 
吴自爱 池州学院 商学院 安徽 池州 247000 
孙 鑫 池州学院 商学院 安徽 池州 247000 
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中文摘要:
      体育产业作为我国支柱产业之一,在提升经济总量、改善经济质量和促进社会就业等方面地位极其重要。以48家体育产业上市公司2011—2018年面板数据作为研究对象,运用固定效应回归方法及调节效应检验研究政府补助与经营绩效之间的关系及股权集中度对上述关系的调节作用。研究结果表明:政府补助与经营绩效显著正相关且存在一定的滞后效应,政府补助对企业绩效的影响随着时间的积累逐渐增强;股权集中度与经营绩效显著正相关,股权集中度可正向调节政府补助对企业经营绩效的影响。体育产业上市公司应合理利用政府补助的经营绩效提升作用,利用自身资源优势及投资机会以实现健康可持续发展。
英文摘要:
      As one of pillar industries in China, sports industry is extremely important in promoting the economic aggregate, improving the economic quality and promoting social employment. In the paper, the panel data of 48 sports industry listed companies from 2011 to 2018 were taken as the research object, and the relationship between government subsidies and business performance and the moderating effect of ownership concentration degree on the relationship were tested by the multiple linear regression and moderating effect. The research finds that: there is a significant positive correlation between government subsidies and business performance and there is a certain lag effect, and the impact of government subsidies on enterprise performance gradually increases with the accumulation of time; there is a significant positive correlation between ownership concentration and business performance, and the ownership concentration positively moderates the impact of government subsidies on business performance. The listed companies of sports industry should reasonably take advantage of the role of government subsidies in improving their business performance and make use of their own resource advantages and investment opportunities to achieve healthy and sustainable development.
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