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首页> 外文期刊>Journal of product innovation management >Incentive Mechanisms, Entrepreneurial Orientation, and Technology Commercialization: Evidence from China's Transitional Economy
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Incentive Mechanisms, Entrepreneurial Orientation, and Technology Commercialization: Evidence from China's Transitional Economy

机译：激励机制，创业取向与技术商业化：来自中国转型经济的证据

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Scholars view entrepreneurial orientation as an essential element of high-performing firms. The extant research has focused extensively on the construct development related to and performance implications of entrepreneurial orientation. Prior research has also identified the significant positive impact of entrepreneurial orientation on technology commercialization. The research community has, however, yet to examine critical antecedents of entrepreneurial orientation and to investigate relevant antecedents and consequences of entrepreneurial orientation in transitional settings such as that of China. Most Chinese firms are embracing significant changes in governance incentive mechanisms as China deepens the economic reform. The extant literature provides limited insight as to how incentive mechanisms such as chief executive officer (CEO) ownership and turnover may affect firm entrepreneurial orientation in China's transitional setting. Furthermore, given the significant changes and uncertainty in the market place, China provides an ideal laboratory to examine the influence of technological turbulence on the relationship between entrepreneurial orientation and technology commercialization. Aimed at filling in these glaring gaps, this study develops a conceptual model, with institutional theory as its underpinning, to examine the relationships among governance incentive mechanisms, entrepreneurial orientation, technological turbulence, and technology commercialization. The empirical results from a sample of 607 Chinese firms reveal several important findings. The CEO ownership has a significant positive effect on entrepreneurial orientation, and CEO turnover frequency has an inverse U curvilinear impact on entrepreneurial orientation. Furthermore, entrepreneurial orientation positively affects technology commercialization, with technological turbulence positively moderating this relationship. This study makes several important contributions. First, the present article brings into sharper focus the differing impacts of CEO ownership and CEO turnover on entrepreneurial orientation. The theoretical deliberation and empirical testing offer useful insights into the formation process of entrepreneurial orientation. Second, the examination of the moderating effect of technological turbulence provides additional richness to the extant literature. In addition, different from prior studies, this study was conducted under China's transitional economy context. By integrating unique institutional arrangements and the turbulent technological environment, two key characteristics of China's transitional economy setting, the study broadened and deepened understanding of key antecedents and consequences of entrepreneurial orientation. The article also discusses managerial implications of the findings and suggests directions for future research.
机译：学者认为创业导向是高绩效企业的基本要素。现有的研究广泛地集中在与创业导向有关的构架发展及其对业绩的影响。先前的研究还确定了创业导向对技术商业化的重大积极影响。然而，研究界尚未研究企业家取向的关键前提，并研究诸如中国这样的转型环境中企业家取向的相关前提和后果。随着中国深化经济改革，大多数中国公司都在拥抱治理激励机制的重大变化。现有的文献对于诸如首席执行官（CEO）所有权和离职率之类的激励机制如何影响中国过渡时期的企业创业取向提供了有限的见识。此外，考虑到市场的巨大变化和不确定性，中国提供了一个理想的实验室，以研究技术动荡对创业导向与技术商业化之间关系的影响。为了填补这些明显的空白，本研究建立了一个以制度理论为基础的概念模型，以研究治理激励机制，创业导向，技术动荡和技术商业化之间的关系。来自607家中国公司的样本的经验结果揭示了一些重要发现。 CEO的所有权对创业取向具有显着的积极影响，CEO的离职频率对创业取向具有反U曲线的影响。此外，创业导向对技术商业化产生积极影响，而技术动荡则积极地调节了这种关系。这项研究做出了一些重要的贡献。首先，本文将更加清晰地关注CEO所有权和CEO流动对创业方向的不同影响。理论上的思考和实证检验为创业导向的形成过程提供了有用的见解。其次，对技术动荡的调节作用的研究为现有文献提供了额外的丰富性。此外，与以往的研究不同，本研究是在中国转型经济背景下进行的。通过整合独特的制度安排和动荡的技术环境，这是中国转型经济环境的两个关键特征，该研究拓宽并加深了对创业的关键前提和后果的理解。本文还讨论了发现的管理意义，并提出了未来研究的方向。

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