Performance and Strategic Flexibility of the Private Listed Companies in China
This article studies strategic flexibility and its effect on firm performance, in which strategic flexibility is distinguished two dimensions - proactive and reactive, and firm performance is measured by three kinds-financial performance, strategic performance and overall performance. The data from 227 private listed companies in China established the importance of strategic flexibility to firm performance, which shows that reactive flexibility has a positive relationship with the three kinds of performance, while proactive flexibility is negatively related to financial performance and overall performance. Chinese privet listed companies cannot make use of strategic flexibility to improve overall performance efficiently now. The related advice of enhancing Chinese privative companies performance by making use of strategic flexibility is put forward in the end.
Private Listed Companies Strategic Flexibility Performance
ZHANG Xiao-qian WANG Wei
College of Economics, CRPE, Zhejiang University Hangzhou, Zhejiang, China
国际会议
The Fifth InternationalSymposium on Management of Technology(ISMOT07)(第五届技术与创新管理国际研讨会)
杭州
英文
221-224
2007-06-01（万方平台首次上网日期，不代表论文的发表时间）