| 陈冬华, 范从来, 沈永建. 2015. 高管与员工: 激励有效性之比较与互动. 管理世界 (5): 160−171. |
| 陈晓光. 2005. 人力资本向下兼容性及其对跨国收入水平核算的意义. 经济研究 (4): 46−56. |
| 伏润民, 常斌, 缪小林. 2008. 我国省对县(市)一般性转移支付的绩效评价——基于DEA二次相对效益模型的研究. 经济研究 (11): 62−73. |
| 付凌晖. 2010. 我国产业结构高级化与经济增长关系的实证研究. 统计研究 (8): 79−81. doi: 10.3969/j.issn.1002-4565.2010.08.011 |
| 韩志丽, 邵军, 陈敏, 徐波. 2014. 企业非效率投资:基于行为经济学的解释. 会计与经济研究 (6): 72−80. doi: 10.3969/j.issn.1009-6701.2014.06.007 |
| 姜付秀, 伊志宏, 苏飞, 黄磊. 2009. 管理者背景特征与企业过度投资行为. 管理世界 (1): 130−139. |
| 李成友, 孙涛, 焦勇. 2018. 要素禀赋、工资差距与人力资本形成. 经济研究 (10): 113−126. |
| 李万福, 林斌, 宋璐. 2011. 内部控制在公司投资中的角色: 效率促进还是抑制? 管理世界 (2): 81−99. |
| 李延喜, 曾伟强, 马壮, 陈克兢. 2015. 外部治理环境、产权性质与上市公司投资效率. 南开管理评论 18(1): 25−36. doi: 10.3969/j.issn.1008-3448.2015.01.004 |
| 凌文昌, 邓伟根. 2004. 产业转型与中国经济增长. 中国工业经济 (12): 20−24. doi: 10.3969/j.issn.1006-480X.2004.12.003 |
| 刘慧龙, 吴联生, 王亚平. 2012. 国有企业改制、董事会独立性与投资效率. 金融研究 (9): 127−140. |
| 刘行, 叶康涛. 2013. 企业的避税活动会影响投资效率吗? 会计研究 (6): 47−53. |
| 刘志彪, 安同良. 2002. 中国产业结构演变与经济增长. 南京社会科学 (1): 1−4. doi: 10.3969/j.issn.1001-8263.2002.01.001 |
| 刘智勇, 李海峥, 胡永远, 李陈华. 2018. 人力资本结构高级化与经济增长——兼论东中西部地区差距的形成和缩小. 经济研究 (3): 50−63. |
| 陆瑶, 施新政, 刘璐瑶. 2017. 劳动力保护与盈余管理——基于最低工资政策变动的实证分析. 管理世界 (3): 146−158. |
| 马双, 吴夕, 卢斌. 2019. 政府减税、企业税负与企业活力研究——来自增值税转型改革的证据. 经济学(季刊) (2): 483−504. |
| 彭国华. 2005. 中国地区收入差距、全要素生产率及其收敛分析. 经济研究 (9): 19−29. |
| 饶品贵, 岳衡, 姜国华. 2017. 经济政策不确定性与企业投资行为研究. 世界经济 (2): 27−51. |
| 王珏, 祝继高. 2018. 劳动保护能促进企业高学历员工的创新吗? ——基于A股上市公司的实证研究. 管理世界 (3): 139−152. doi: 10.3969/j.issn.1002-5502.2018.03.012 |
| 王庆丰, 党耀国. 2010. 基于Moore值的中国就业结构滞后时间测算. 管理评论 (7): 3−7. |
| 王雄元, 史震阳, 何捷. 2016. 企业工薪所得税筹划与职工薪酬激励效应. 管理世界 (7): 137−153. |
| 辛清泉, 林斌, 王彦超. 2007. 政府控制、经理薪酬与资本投资. 经济研究 (8): 110−122. |
| 叶康涛, 刘行. 2014. 公司避税活动与内部代理成本. 金融研究 (9): 158−176. |
| 翟胜宝, 马静静, 毛志忠. 2015. 环境不确定性、产权性质与上市公司投资效率. 会计与经济研究 (5): 11−23. |
| 詹雷, 王瑶瑶. 2013. 管理层激励、过度投资与企业价值. 南开管理评论 (3): 36−46. doi: 10.3969/j.issn.1008-3448.2013.03.005 |
| 钟海燕, 冉茂盛, 文守逊. 2010. 政府干预、内部人控制与公司投资. 管理世界 (7): 98−108. |
| Acemoglu, D., and J. Angrist. 2000. How large are human-capital externalities? Evidence from compulsory schooling laws. NBER Macroeconomics Annual 15(1): 9−59. doi: 10.1086/654403 |
| Aggarwal, R. K., and A. A. Samwick. 2006. Empire-builders and shirkers: Investment, firm performance, and managerial incentives. Journal of Corporate Finance 12(3): 489−515. doi: 10.1016/j.jcorpfin.2006.01.001 |
| Akerlof, G. A., and J. L. Yellen. 1990. The fair wage-effort hypothesis and unemployment. Quarterly Journal of Economics 105(2): 255−283. doi: 10.2307/2937787 |
| Ang, J. S., R. A. Cole, and J. W. Lin. 2000. Agency costs and ownership structure. Journal of Finance 55(1): 81−106. doi: 10.1111/0022-1082.00201 |
| Bebchuk, L. A., and L. A. Stole. 1993. Do short-term objectives lead to under- or overinvestment in long-term projects? Journal of Finance 48(2): 719−729. |
| Bertrand, M., and S. Mullainathan. 2003. Enjoying the quiet life? Corporate governance and managerial preferences. Journal of Political Economy 111(5): 1043−1075. doi: 10.1086/376950 |
| Biddle, G. C., and G. Hilary. 2006. Accounting quality and firm-level capital investment. Accounting Review 81(5): 963−982. doi: 10.2308/accr.2006.81.5.963 |
| Biddle, G. C., G. Hilary, and R. S. Verdi. 2009. How does financial reporting quality relate to investment efficiency? Journal of Accounting and Economics 48(2−3): 112−131. |
| Bower, J. L. 1970. Managing the resource allocation process: A study of corporate planning and investment. Harvard Business School Press, Boston, MA. |
| Chen, F., O. K. Hope, Q. Li, and X. Wang. 2011. Financial reporting quality and investment efficiency of private firms in emerging markets. Accounting Review 86(4): 1255−1288. doi: 10.2308/accr-10040 |
| Clarkson, M. E. 1995. A stakeholder framework for analyzing and evaluating corporate social performance. Academy of Management Review 20(1): 92−117. doi: 10.2307/258888 |
| Datta, S., M. Iskandar‐Datta, and K. Raman. 2001. Executive compensation and corporate acquisition decisions. Journal of Finance 56(6): 2299−2336. doi: 10.1111/0022-1082.00406 |
| Davenport, T. H. 2013. Thinking for a living: How to get better performances and results from knowledge workers. Harvard Business School Press, Boston, MA. |
| Dewenter, K. L., and P. H. Malatesta. 2001. State-owned and privately owned firms: An empirical analysis of profitability, leverage, and labor intensity. American Economic Review 91(1): 320−334. doi: 10.1257/aer.91.1.320 |
| Dyck, A., A. Morse, and L. Zingales. 2010. Who blows the whistle on corporate fraud? Journal of Finance 65(6): 2213−2253. |
| Edmans, A. 2011. Does the stock market fully value intangibles? Employee satisfaction and equity prices. Journal of Financial Economics 101(3): 621−640. doi: 10.1016/j.jfineco.2011.03.021 |
| Fama, E. F., and M. H. Miller. 1972. The theory of finance. Holt, Rinehart and Winston, New York. |
| Francis, J. R., S. Huang, I. K. Khurana, and R. Pereira. 2009. Does corporate transparency contribute to efficient resource allocation? Journal of Accounting Research 47(4): 943−989. |
| Gupta, A., F. Briscoe, and D. C. Hambrick. 2017. Red, blue, and purple firms: Organizational political ideology and corporate social responsibility. Strategic Management Journal 38(5): 1018−1040. doi: 10.1002/smj.2550 |
| Gupta, N., and J. D. Shaw. 2014. Employee compensation: The neglected area of HRM research. Human Resource Management Review 24(1): 1−4. doi: 10.1016/j.hrmr.2013.08.007 |
| Hall, R. E., and C. I. Jones. 1999. Why do some countries produce so much more output per worker than others? Quarterly Journal of Economics 114(1): 83−116. |
| Heaton, J. B. 2002. Managerial optimism and corporate finance. Financial Management 31(2): 33−45. doi: 10.2307/3666221 |
| Heuermann, D. F. 2011. Job matching efficiency in skilled regions-evidence on the microeconomic foundations of human capital externalities. Working Paper. |
| Jensen, M. C. 1986. Agency costs of free cash flow, corporate finance, and takeovers. American Economic Review 76(2): 323−329. |
| Jensen, M. C., and W. H. Meckling. 1976. Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics 3(4): 305−360. doi: 10.1016/0304-405X(76)90026-X |
| Kim, H. B., S. Choi, B. Kim, and C. Pop-Eleches. 2018. The role of education interventions in improving economic rationality. Science 362(6410): 83−86. doi: 10.1126/science.aar6987 |
| Liu, Z. 2007. The external returns to education: Evidence from Chinese cities. Journal of Urban Economics 61(3): 542−564. doi: 10.1016/j.jue.2006.08.007 |
| MacGregor, D. 1960. The human side of enterprise. McGraw-Hill, New York. |
| Malmendier, U., and G. Tate. 2008. Who makes acquisitions? CEO overconfidence and the market’s reaction. Journal of Financial Economics 89(1): 20−43. doi: 10.1016/j.jfineco.2007.07.002 |
| Mas, A., and E. Moretti. 2009. Peers at work. American Economic Review 99(1): 112−145. doi: 10.1257/aer.99.1.112 |
| Maslow, A. H. 1943. A theory of human motivation. Psychological Review 50(4): 370−396. doi: 10.1037/h0054346 |
| Modigliani, F., and M. H. Miller. 1958. The cost of capital, corporation finance and the theory of investment. American Economic Review 48(3): 261−297. |
| Moore, J. H. 1978. A measure of structural change in output. Review of Income and Wealth 24(1): 105−118. doi: 10.1111/j.1475-4991.1978.tb00034.x |
| Moretti, E. 2004a. Estimating the social return to higher education: Evidence from longitudinal and repeated cross-sectional data. Journal of Econometrics 121(1−2): 175−212. doi: 10.1016/j.jeconom.2003.10.015 |
| Moretti, E. 2004b. Workers’ education, spillovers, and productivity: Evidence from plant-level production functions. American Economic Review 94(3): 656−690. doi: 10.1257/0002828041464623 |
| Mukherjee, A., M. Singh, and A. Aldokas. 2017. Do corporate taxes hinder innovation? Journal of Financial Economics 124(1): 195−221. |
| Myers, S. C. 1977. Determinants of corporate borrowing. Journal of Financial Economics 5(2): 147−175. doi: 10.1016/0304-405X(77)90015-0 |
| Narayanan, M. 1985. Managerial incentives for short-term results. Journal of Finance 40(5): 1469−1484. doi: 10.1111/j.1540-6261.1985.tb02395.x |
| Neffke, F., M. Hartog, Boschma. R, and M. Henning. 2018. Agents of structural change: The role of firms and entrepreneurs in regional diversification. Economic Geography 94(1): 23−48. doi: 10.1080/00130095.2017.1391691 |
| Pagano, M., and P. F. Volpin. 2005. Managers, workers, and corporate control. Journal of Finance 60(2): 841−868. doi: 10.1111/j.1540-6261.2005.00748.x |
| Psacharopoulos, G. 1994. Returns to investment in education: A global update. World Development 22(9): 1325−1343. doi: 10.1016/0305-750X(94)90007-8 |
| Psacharopoulos, G., and H. A. Patrinos. 2004. Returns to investment in education: A further update. Education Economics 12(2): 111−134. doi: 10.1080/0964529042000239140 |
| Rauch, J. E. 1993. Productivity gains from geographic concentration of human capital: Evidence from the cities. Journal of Urban Economics 34(3): 380−400. doi: 10.1006/juec.1993.1042 |
| Richardson, S. 2006. Over-investment of free cash flow. Review of Accounting Studies 11(2−3): 159−189. doi: 10.1007/s11142-006-9012-1 |
| Roll, R. 1986. The hubris hypothesis of corporate takeovers. Journal of Business 59(2): 197−216. doi: 10.1086/296325 |
| Rosenthal, S. S., and W. C. Strange. 2008. The attenuation of human capital spillovers. Journal of Urban Economics 64(2): 373−389. doi: 10.1016/j.jue.2008.02.006 |
| Somaya, D., I. O. Williamson, and N. Lorinkova. 2008. Gone but not lost: The different performance impacts of employee mobility between cooperators versus competitors. Academy of Management Journal 51(5): 936−953. doi: 10.5465/amj.2008.34789660 |
| Stein, J. C. 1989. Efficient capital markets, inefficient firms: A model of myopic corporate behavior. Quarterly Journal of Economics 104(4): 655−669. doi: 10.2307/2937861 |
| Stein, J. C. 2003. Agency, information and corporate investment. Handbook of the Economics of Finance 1: 111−165. |
| Taylor, F. 1911. The principles of scientific management. Harper Brothers, New York. |
| Yueh, L. Y. 2004. Wage reforms in China during the 1990s. Asian Economic Journal 18(2): 149−164. doi: 10.1111/j.1467-8381.2004.00187.x |
| Zingales, L. 2000. In search of new foundations. Journal of Finance 55(4): 1623−1653. doi: 10.1111/0022-1082.00262 |