以往绩效与企业多元化战略因果关系研究  

Causality Between an Enterprise's Previous Performance and Its Diversification Strategy

作　　者：韦小柯[1] 

机构地区：[1]浙江大学管理学院,杭州310027

出　　处：《管理评论》2008年第3期45-49,共5页Management Review

摘　　要：企业多元化和绩效的关系是战略管理研究的主题之一,现有文献集中研究了多元化对绩效的影响。本文以我国256家上市公司为样本,采用纵向分析方法,实证检验了绩效对多元化战略的作用。结果显示,企业以往绩效和主营产业以往绩效不但能显著影响多元化程度,还能显著影响多元化的方向,以往绩效和多元化战略之间存在因果关系。The relationship between an enterprise's diversification and its performance is a main topic of corporate strategy management research. Existing literature focuses on the performance effects of diversification. With 256 Chinese listed enterprises a sample, this study empirically analyses the effect of performance on diversification by means of longitudinal analysis. The results show that an enterprise's previous performance and the industry it belongs to have a significant effect on both the degree and the direction of diversification, and there exists causality between an enterprise's previous performance and its diversification strategy.

关 键 词：绩效 多元化 因果关系 上市公司 

分 类 号：F272[经济管理—企业管理] F424[经济管理—国民经济]