摘要
本文通过对233家中国非上市公司成长绩效的研究,揭示了战略与资源这两种因素分别对新创企业与成熟企业成长绩效的影响方式。结果显示,在新创企业中,战略对于企业成长绩效不存在直接影响,而是通过影响新创企业资源的转换效率提高其成长绩效。专用资源对新创企业成长绩效有直接作用,通用资源促进专用资源的形成,进而提高成长绩效。在成熟企业中,战略清晰度直接对成长绩效产生作用,通用资源与专用资源能够影响战略清晰度。研究结论丰富了创业理论与战略理论对于企业成长的理解,为进一步研究企业成长机制提供了新的视角。
Analyzing the determining factors of growth with the data of 233 privately-hold firms in China, this article examines the distinct impact of strategy and resource on the growth of start-ups and established companies, respectively. The study finds that strategy indirectly enhances growth by facilitating the development of specialized resource rather than directly influences growth of start-ups. Specialized resource has direct effect on the growth of start-ups, and conducts the mediating roles between general resource and growth. As to the established companies, strategic transparency has direct impact on the growth, while general resource and specialized resource facilitate the transparency of strategy. These findings promote the understanding of corporate growth in the field of entrepreneurship and strategy, and provide new academic perspectives of the growth mechanism in different development stage of a firm.
出处
《中国工业经济》
CSSCI
北大核心
2009年第2期15-24,共10页
China Industrial Economics
基金
国家自然科学基金项目“新创企业的治理模式分析:基于VC-NE关系的分析视角”(批准号70872097)。
关键词
新创企业
成熟企业
通用资源
专用资源
战略清晰度
start-ups companies
established companies
general resource
specialized resource
strategic transparency
