Perks and High-Quality Development of Manufacturing Industry
Managers who use perks to engage in non-productive rent-seeking activities has affected high-quality de-velopment of manufacturing enterprises.Basing on the sample of China's A-share manufacturing listed companies during 2010～2019,this article examines how perks affect high-quality development of enterprises empirically.The research finds that perks impede high-quality development of enterprises.Mechanism test shows that perks impede the high-quality development of enterprises by reducing the investment efficiency and management efficiency.Fur-ther research shows that perks of state-owned enterprises impede high-quality development of enterprises stronger than non-state-owned enterprises,and product market competition weakens the negative effect of perks on the high-quality development of enterprises.This article enriches the economic consequences of perks,clarifies the mecha-nism of how perks affect high-quality development of enterprises and provide a new reference for promoting high-quality development of enterprises.
NETL
NSTL
万方数据
