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笔者以2010—2013年在沪深交易所上市的民营企业为样本,采取去除行业影响的企业ROA波动性为企业风险承担水平衡量方式,以各高管政治关联度之和为企业政治关联度,运用SPSS和eviews软件,对两者进行理论和实证分析。研究结果表明,政治关联与民营企业风险承担水平无显著相关性。这一结论对致力于改善企业风险承担水平的民营企业具有重要意义。
Based on the sample of private-owned companies listed in Shanghai and Shenzhen Stock Exchanges during 2010-2013, the author takes the ROA volatility of enterprises that is affected by the industry as a measure of the level of corporate risk-taking. Taking the sum of political affinities of all executives as the degree of political affiliations, Using SPSS and eviews software, the two are theoretically and empirically analyzed. The results show that there is no significant correlation between the political connection and the level of risk-taking of private enterprises. This conclusion is of great importance to private enterprises that are committed to improving the level of corporate risk-taking.