行业垄断势力、战略变化与企业绩效:基于企业生命周期视角  

Monopoly Power,Strategic Change and Corporation Performance——Empirical Study Based on Enterprise Life-cycle

作　　者：赵立祥[1] 张文源[1] 

机构地区：[1]北京工业大学经济与管理学院,北京100124

出　　处：《经济经纬》2015年第2期75-80,共6页Economic Survey

基　　金：教育部博士点学科专项科研基金项目(34011212201101);北京市教委社科计划(重点)项目(JD011212201201)

摘　　要：笔者从企业生命周期视角出发,通过采用我国制造业上市公司2008~2012年共465家公司的平衡面板数据,实证分析了不同企业生命周期阶段战略变化与企业绩效的关系以及行业垄断势力的调节作用。研究发现,成长期的企业对战略变化有较强的耐受力,积极的战略变化可以带来良好的绩效;成熟期的企业战略变化与企业绩效之间存在倒U型关系,对战略变化的耐受力较成长期企业明显降低,更适合循序渐进的战略变化;衰退期的企业受多方面因素的制约,战略变化对企业绩效影响不显著;行业垄断势力可以弱化战略变化与企业绩效之间的关系。Using Balanced Panel Data of 465 China’s manufacturing industry listed companies from 2008 to 2012, we find that the suit-able level of strategic change is different between the growth stage, the mature stage and the decline stage. The results show that strate-gic change has a significant positive impact on corporation performance at the growth stage, and it has an inverted U-shape relationship with corporation performance at the mature stage. However, we don’ t find the strategic change has a significant impact on corporation performance at the decline stage. In contrast, we can see the required level of strategic change is higher at growth stage than mature stage. Furthermore, we also find that the industry monopoly power can weaken the relationship between strategic change and corporation performance.

关 键 词：战略变化 企业绩效 企业生命周期 垄断势力 

分 类 号：F272[经济管理—企业管理] F272.5[经济管理—国民经济] F203