关键词: 政治关联 , 民营企业 , 城市公用事业 , 案例研究

Abstract:  During the transformation period of Chinese society,the political connection was the key factor of private enterprises in the city public utilities.This paper selected the first private enterprise which entered the city public transportation as the research subject, and studied the relationship between the changes of political connection and the growth of enterprise.This paper found the source of political connection of an enterprise could be divided into three levels: the support of the key government officials, the political identity of entrepreneurs, and the political identity of top management team members. Political connection of private enterprises was dominant, the support of the key government officials played a decisive role to the growth of enterprises, and the political identity of entrepreneurs and top management team members had no significant impact on enterprise growth. However, the political connection to the growth of the private enterprises was “the double-edged sword”, which had the driving effect and the restraining effect.The driving effect lied that political connection would lead to the breakthrough of government regulation barriers and access to government subsidies, which would promote private enterprises to enter the public utilities and growth.The restraining effect lied that political connection might lead to private enterprises unrelated diversification, which increased political risks, thereby inhibited the growth of enterprises

Key words:  political connection , private enterprises , urban public utilities , case study