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首页> 外文期刊>Journal of Small Business and Enterprise Development >Regulatory environment, environmental dynamism, political ties, and performance: Study of entrepreneurial firms in a developing economy
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Regulatory environment, environmental dynamism, political ties, and performance: Study of entrepreneurial firms in a developing economy

机译：监管环境，环境活力，政治联系和绩效：发展中经济中的创业公司研究

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Purpose - Regulatory environment, environmental dynamism, and political ties are typically modelled as separate antecedents of firm performance. However, the boundary conditions for such models are less examined in a developing country context where regulatory environments have been argued to be weak. Accordingly, drawing on institutional and social capital theories, the purpose of this paper is to examine the interrelationship between regulatory environment, political ties, environmental dynamism, and firm performance. Design/methodology/approach - The study uses primary data gathered from 372 entrepreneurial firms in Nigeria, a Sub-Saharan African country. Findings - The findings of the paper suggest that that regulatory environment is negatively related to firm performance. However, political ties and environmental dynamism moderate the regulatory environment-firm performance relationship such that such relationship is positive and significant. Research limitations/implications - First, the study provides important insights on how weak and underdeveloped regulatory environment negatively affect the performance of firms. In other words, the study represents a response to call for the development of better regulatory environment since regulatory environment plays significant role in firm performance. Second, this study also demonstrates the importance of political ties and environment dynamism on firm performance in an emerging economy such as Nigeria where regulatory environment is weak. Originality/value - To the authors' knowledge, this study is the first study from the perspective of Sub-Saharan Africa that examine the moderating role of political ties and environmental dynamism on regulatory environment-firm performance relationship.
机译：目的-监管环境，环境活力和政治联系通常被建模为企业绩效的独立前提。但是，在认为监管环境薄弱的发展中国家中，较少检查此类模型的边界条件。因此，利用制度和社会资本理论，本文的目的是检验监管环境，政治联系，环境活力和企业绩效之间的相互关系。设计/方法/方法-该研究使用了从撒哈拉以南非洲国家尼日利亚的372家创业公司收集的主要数据。调查结果-本文的调查结果表明，监管环境与公司绩效负相关。但是，政治联系和环境动力调节了监管环境与企业之间的绩效关系，使这种关系是积极而重要的。研究的局限性/意义-首先，该研究提供了重要的见解，以说明薄弱和欠发达的监管环境如何对公司的绩效产生负面影响。换句话说，由于监管环境在公司绩效中起着重要作用，因此该研究代表了对呼吁开发更好的监管环境的回应。其次，这项研究还表明，在监管环境薄弱的新兴经济体（例如尼日利亚），政治联系和环境活力对公司绩效的重要性。原创性/价值-就作者所知，该研究是从撒哈拉以南非洲的角度进行的第一项研究，该研究考察了政治联系和环境动力在调节环境-企业绩效关系方面的调节作用。

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