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首页> 外文会议>International Conference on Management Science Engineering >Top management team managerial discretion, strategic flexibility, and firm growth performance: Evidence from China's listed small and medium-sized enterprises
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Top management team managerial discretion, strategic flexibility, and firm growth performance: Evidence from China's listed small and medium-sized enterprises

机译：高层管理团队的管理自由裁量权，战略灵活性和企业成长绩效：来自中国上市中小企业的证据

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摘要

Under settings of China's economic transition period, strategic flexibility is the crucial capability to allow the Chinese small and medium-sized enterprises (SMEs) to proact or respond timely and effectively to quickly changing conditions. Starting from the perspective of top management team (TMT) and its members' leadership sources, this paper explored the impact of TMT managerial discretion on strategic flexibility of SMEs, based on the resource based view. Using the sample of 165 China's listed SMEs, the empirical research identified TMT managerial discretion derived from task environment and TMT managerial discretion derived from organization as key influential factors of strategic flexibility of SMEs. However, the impact of TMT managerial discretion derived from team power-base on strategic flexibility of SMEs was not significant. The empirical results also revealed that strategic flexibility has positive effect on firm growth performance of SMEs.
机译：在中国经济转型时期的背景下，战略灵活性是使中国中小企业能够迅速有效地对迅速变化的条件采取行动或作出反应的关键能力。从高层管理团队（TMT）及其成员的领导力来源出发，本文基于资源视角，探讨了TMT管理自由裁量权对中小企业战略灵活性的影响。实证研究使用165家中国上市的中小企业样本，将任务环境中的TMT管理自由度和组织中的TMT管理自由度确定为中小企业战略灵活性的关键影响因素。但是，基于团队力量的TMT管理自由裁量权对中小型企业战略灵活性的影响并不显着。实证结果还表明，战略灵活性对中小企业的企业成长绩效具有积极影响。

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