中国矿业大学学报（社会科学版）2024，Vol.26Issue(3)：129-146,18.DOI:10.20089/j.cnki.issn.1009-105x.2024.03.010
制度距离对房地产企业国内跨区域市场进入模式的影响研究
The Influence of Institutional Distance on Enterprises'Domestic Cross-Regional Market Entry Mode—The Moderating Effect of State-Owned Capital Participation
摘要
Abstract
Although China's significant potential domestic market provides a good external environment for enterprises to carry out cross-regional operations,there are huge obstacles for Chinese enterprises to carry out domestic cross-regional operations due to the dual characteristics of unity and segmentation of the country's market environment.This paper empirically analyzes the effects of formal institutional distance,informal institutional distance and state-owned capital participation on the choice of domestic cross-regional market entry mode of real estate enterprises from the perspective of institutional basis.This paper selects the real estate enterprises in Shanghai and Shenzhen that have had cross-regional mergers and acquisitions between 2010 and 2019 as the research objects,and uses SPSS22.0 to conduct correlation and regression analyses on 236 cross-regional market entry cases that meet the research conditions.The results show that the formal institutional distance between the target market and the location of the enterprise has a significant negative impact on the enterprise's domestic cross-regional market entry mode,that is,the greater the formal institutional distance,the more inclined the enterprise is to adopt the low-control market entry mode.The participation of state-owned capital positively moderates the relationship between the distance of informal institutions and the enterprise's domestic cross-regional market entry mode,that is,the higher the participation of state-owned capital,the more inclined the enterprise is to choose the market entry mode with high control degree.The conclusion of the study provides a new perspective and useful enlightenment for optimizing the business environment for enterprises,promoting the domestic unified macro-market and high-quality economic development.关键词
正式制度距离/非正式制度距离/跨区域市场进入模式/国有资本参与度Key words
formal institutional distance/informal institutional distance/cross-regional market entry mode/participation of state capital分类
管理科学引用本文复制引用
郑赵若一,谢佩洪..制度距离对房地产企业国内跨区域市场进入模式的影响研究[J].中国矿业大学学报（社会科学版）,2024,26(3):129-146,18.基金项目
国家社会科学基金项目"中国企业国际化过程中非市场战略与市场战略互动及整合研究"(项目编号:17BGL024) （项目编号:17BGL024）
