摘要
本文从产业纵向关系的视角研究了零售势力压榨制造业的利润问题,建立了产业间投资决策的权衡模型,获得了国内外研究未有定论零售势力压榨制造业利润的实证证据;通过对1995—2005年中国18个轻工制造业与零售业盈利影响因素面板数据进行实证研究,发现中国零售业利用渠道势力,对制造业的利润进行了纵向压榨,而制造业必须依靠增加投资来维持利润,从这一角度揭示了中国制造业目前产业技术水平不高、增长手段局限于简单的规模扩张现象的原因。
This paper investigates the vertical from the viewpoint of vertical relationship. investment decision-making and acquired the squeeze between retailing and manufacturing We proposed a tradeoff model for industry empirical evidence of vertical squeeze which has not been perorated by oversea research yet. A panel data contains the factors impacting 18 light manufacturing and retailing＇s earnings was used to test the model. We find that channel power was capitalized by retailing to execute vertical squeeze on manufacturing, and increase investment is the only way for manufacturing to maintain its profit. In this perspective ,the technology level of Chinese manufacturing is so low that scale expansion was the barely instrument to keep growth.
出处
《南开经济研究》
CSSCI
北大核心
2008年第4期16-32,共17页
Nankai Economic Studies
关键词
零售业
制造业
渠道势力
纵向压榨
过度投资
Retailing
Manufacturing
Channel Power
Vertical Squeeze
Overinvestment
