摘要
已有的研究认为,在动态的经营环境中,公司持有的备用资源能使该公司的未来战略选择弹性更大,从而可以提高其业绩。而业绩较差的公司持有的备用资源较少,其战略选择弹性也较小,因而会对这些公司的业绩造成负面影响。本文认为,对亏损①和非亏损公司而言,由于其持有的备用资源水平不同,战略选择弹性也会不同,进而会对其业绩造成不同的影响。基于这一观点,本文对我国亏损和非亏损上市公司备用资源与公司业绩之间的关系进行了实证研究,并得到了一些有意义的结论。
The previous studies predict that slack resources provide the means for the firms to achieve strategic flexibility in dynamic environment. The strategic flexibility achieved can improve the firm＇s performance. However, the poorly performing firms are likely to have less slack resources than high performing firms, and therefore may have less potential for achieving flexibility to improve their performance. This paper deems that the level of slack resources is different for inferior and non-inferior listed firms, so the strategic flexibility they achieved will be different and this difference may, in fact have an influence on their performance. Based on the problem discussed above, this paper examines the relationship between the slack resources and the performance in our listed firms, and gets some useful empirical evidence.
出处
《南开管理评论》
CSSCI
2006年第4期76-83,共8页
Nankai Business Review
基金
中国人民大学"十五"211工程项目
教育部"新世纪优秀人才支持计划"的资助
关键词
战略选择弹性
备用资源
公司业绩
The Strategic Flexibility
Slack （Reserved） Resources
Firm Performance
