Localization Of Local Officials And Corporate Investment Expenditures Impact Relationship Research

Since the reform and opening up,China's economy has grown significantly in scale and strength,and has had far-reaching effects around the world.Scholars led by Zhou Li'an found that the Chinese economy achieved such a leap-forward growth in a short period of time.In addition to the successful leadership of the central government,local government officials promoted the economic development of the jurisdiction with enthusiasm that is rare worldwide.As an investment,consumption and import and export trade that drives the core strength of economic growth,investment is a major contributor and an effective way to promote economic development.As the main body of the micro level,enterprises are first controlled by local governments.Therefore,the government will first increase the local economic development by increasing investment in enterprises.This paper selects the municipal party committee secretary and enterprise investment expenditure in Jiangsu and Zhejiang provinces from 2005 to 2013 as the research object,and empirically examines the changes of officials and the influence of localization officials on corporate investment in the jurisdiction.As a result,it was found that for fifteen cities in Jiangsu and Zhejiang provinces,the investment expenses of enterprises decreased in the year when officials changed and the year after,but when the second period lags,the amount of investment expenditure increased.When the successor officials were localized officials,although the initial impact was negative,the amount of investment spending by local companies increased.This paper compares the nature of the enterprise and the energy consumption of the enterprise.The results show that the appointment of localization officials will increase the investment expenditure of high-energy-consuming enterprises and will inhibit the investment expenditure of state-owned enterprises in the current year.This paper also analyzes and studies the influence of the age of officials and the education level of official qualifications on the amount of investment expenditure of enterprises in the jurisdiction.It is found that both influences are negative.Overall,the relevant changes in the secretary of the municipal party committee do have a significant relationship with corporate investment in the jurisdiction.For general prefecture-level cities,officials should be given certain policy adaptation periods and development stability periods,maintaining changes in official turnover and localization officials in a reasonable time frame and frequency of change,maintaining the stability of the cadre team,and Non-government-controlled companies also pay attention to ensuring that government-controlled and non-government-controlled enterprises have equal relationships in economic activities.Correspondingly,the government should formulate medium-and long-term development plans,ensure sustainable economic development,and change the official assessment system,based on the green development and long-term construction of the local economy.