AN EMPIRICAL STUDY ON CORPORATE ENTREPRENEURSHIP AND CORPORATE PERFORMANCE UNDER DYNAMIC ENVIRONMENTAL AFFECTION
On the basis of RBV (resource based view) researches, this paper intends to establish a research model for new ventures in terms of resources, growth strategy and performance. An empirical study is conducted with a sample of 102 listed companies from SZ SMEB (Small and Medium Enterprises Board, Shenzhen) with panel data from until 2007). The main conclusions of this study are drawn as follows: (1) the difference of a new ventures resources will impact its performance directly: namely, physical resources and human resources are positively correlated with its profitability and growth; meanwhile, financial resources are positively correlated with new venturess growth, and reputation resources positively correlated with profitability; (2) there would be statistical significance between a new ventures resources and its choice of growth strategy. The study indicates that new ventures with rich tangible resources and human resources would tend to adopt market pulled strategy for growth, whilst those with rich intangible resources would go for innovation pushed strategies for the same purpose; (3) growth strategies in different industries also differ significantly. New ventures with high-technology prefer innovation pushed strategies, while those with less high-technology tend to choose market pulled strategy instead. Nevertheless, the profitability and growth of NV in different industries are without much significant difference.
New venture Early stage Rbv Growth strategy performance
John Zhang Rongwei Ren Wei Fan
Guangdong University of Foreign Studies No.2 North BaiYuna Dadao, Guangzhou, China, 510420 Sun Yat-sen University MBA Building, No.135 Xingang Xilu, Guangzhou, China, 510275 Guangxi University Business School, No.100 Daxuelu, Nanning China
国际会议
Academy of Innovation and Entrepreneurship 2009(2009创新与创业国际学术会议)
北京
英文
270-277
2009-07-16（万方平台首次上网日期，不代表论文的发表时间）