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The Moderating Effect of Governance Form on the Relationship between Corporate Technological Entrepreneurship Activities and Corporate Financial Performance: An Empirical Study on Chinese High-Tech Firms

机译:治理形式对企业技术创业活动与企业财务业绩关系的调节效应:中国高科技企业的实证研究

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摘要

While corporate entrepreneurship (CE) was regarded important to revitalize companies and improve their financial performance, the relationship between CE and firm performance is more complex than linear. Of many factors moderating corporate entrepreneurship-performance relationship, governance form is one that received inadequate research attention. The study studied the moderating effect that governance form has on the relationship between corporate technological entrepreneurship and firm performance. The result showed that alliance governance form positively moderated the relationship between corporate TE and performance, but mergers and acquisitions (M&A) governance form negatively moderated it in Chinese setting.
机译:虽然企业企业家精神(CE)被认为是振兴公司和改善财务业绩的重要性,但CE与公司性能之间的关系比线性更复杂。许多因素培养企业创业 - 绩效关系,治理形式是一个接受研究注意力的人。该研究研究了治理形式对企业技术企业家精神与公司业绩之间关系的调节效果。结果表明,联盟治理表格表现得积极调节企业特和绩效之间的关系,但兼并和收购(并购)治理表格在中国环境中对其进行了负面调节。

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