金融创新的年龄依赖性:国家制度文化的视角

科研管理 ›› 2015, Vol. 36 ›› Issue (7): 86-95.

金融创新的年龄依赖性:国家制度文化的视角

苏依依

同济大学经济与管理学院, 上海 200092

收稿日期:2013-03-14 修回日期:2015-01-20 出版日期:2015-07-25 发布日期:2015-07-08
通讯作者: 苏依依
作者简介:苏依依(1981-),女(汉),浙江温州人,管理学博士,同济大学经济与管理学院讲师,主要研究方向:创新战略。
基金资助:
国家自然科学基金项目“产业集群与企业探索行为研究”(71102069),起止时间:2012年1月－2014年12月、国家自然科学基金项目“服务创新过程中外部知识共享的多层次网络机制研究:关系嵌入的视角(71402121)”,起止时间:2015年1月－2017年12月。

The age dependence in financial innovation from the national, institutional and cultural perspective

Su Yiyi

School of Economics and Management, Tongji University, Shanghai 200092, China

Received:2013-03-14 Revised:2015-01-20 Online:2015-07-25 Published:2015-07-08

摘要/Abstract

摘要： 本文吸收组织生态学、组织学习理论和演化理论中关于年龄依赖性的观点, 探究了组织年龄对金融创新的影响;更进一步地, 以国家制度文化的视角, 考察组织年龄在不同国家情境下的作用形态。本文的实证分析基于全球100多家期货交易所2000~2010年间的面板数据。结果表明, 组织年龄与金融创新呈现U型关系;这种非线性关系在低经济管制、高不确定性规避的国家中更为显著。基于研究结果, 本文提出促进我国金融机构发展, 完善金融监管体系的建议。

关键词: 金融创新, 年龄依赖性, 国家制度文化, 全球期货交易所

Abstract: This paper draws on the age dependence arguments from organizational ecology, organizational learning and evolutionary theory, and explores the influence of organizational age upon financial innovation. Furthermore, this paper adopts the national, institutional and cultural perspectives and looks into how the age effect varies across national contexts. Our empirical analysis is based upon the panel data of more than 100 futures exchanges in the world between 2000 and 2010. The results show a U-shaped relationship between organizational age and financial innovation; such a nonlinear relationship is more pronounced in nations with low economic regulation and high uncertainty avoidance. Our research findings provide important implications for the development of financial institutions and the improvements of the financial regulatory system in China.

Key words: financial innovation, age dependence, national institutions and culture, futures exchange across countries

中图分类号:

F272.3

苏依依. 金融创新的年龄依赖性:国家制度文化的视角[J]. 科研管理, 2015, 36(7): 86-95.

Su Yiyi. The age dependence in financial innovation from the national, institutional and cultural perspective[J]. Science Research Management, 2015, 36(7): 86-95.

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