跨国企业董事会资本与国际化战略的演化机制——基于联想集团的纵向案例研究  

The Evolution Mechanism Between Board Capital and Internationalization of MNCs:A Case Study Based on Lenovo Group

作　　者：周常宝 林润辉[2] 李康宏[3] 冯志红 

机构地区：[1]郑州航空工业管理学院工商管理学院,河南郑州450046 [2]南开大学商学院,天津300071 [3]扬州大学商学院,江苏扬州225000 [4]郑州航空工业管理学院航空工程学院,河南郑州450046

出　　处：《管理案例研究与评论》2018年第1期54-73,共20页Journal of Management Case Studies

基　　金：国家自然科学基金重点资助项目"我国集团企业跨国治理与评价研究"(71132001);河南省政府决策研究招标课题项目"供给侧改革背景下河南省国有企业改革策略研究"(2017B066);江苏省自然科学基金青年项目"制度落差;国际经验与中国跨国公司海外股权治理模式"(BK20170499);河南省教育厅人文社会科学一般项目"基于资源依赖理论的跨国公司董事会资本对国际化战略的影响机制研究"(2018-ZZJH-591)

摘　　要：基于资源依赖理论、管家理论和国际化理论,尝试探讨在跨国经营过程中,企业董事会作为一种跨边界的治理机制,在国际化战略决策中扮演的角色和功能。通过构建企业环境-董事会资本-国际化战略的理论分析框架,揭示企业在跨国经营过程中董事会资本如何随外部环境的变化而演化,以适应国际化战略决策的需要,尝试以此打开我国企业在"走出去"的过程中企业董事会资本的形成与演化机制的"黑箱"。本文选取我国跨国企业治理的典范——联想集团跨国治理——为案例,发现联想集团在跨国经营过程中,通过调整董事会提供的资源——董事会人力资本和社会资本,以适应外部化环境的变化,并与集团自身发展过程中不同阶段的国际化战略匹配。同时,联想集团国际化战略的调整也影响企业董事会资本的变化。本文研究贡献是:(1)从动态角度探讨了企业环境、董事会资本和国际化战略三者动态交互的演化机制;(2)发现了企业董事会资本与国际化战略的动态匹配机制。本文的研究结论可指导我国企业在跨国经营过程中改善和提升企业董事会治理有效性,也可为政府制定相关政策提供有益的参考。Based on resource dependence theory,stewardship theory and internationalization theory,we explore the board of directors as a cross-border governance mechanism and the role it plays in the internationalization of an enterprise.We have constructed a theoretical analysis framework about corporate environment-board capital-internationalization to reveal how board capital evolves in the process of transnational operation along with the change of external environment,to meet the needs of the internationalization decision of the enterprise.Based on the framework,this paper attempts to open up the ＂black box＂of the formation and evolution of the board capital of Chinese enterprises in the process of＂going out＂.We select the model of Lenovo group,one of the successful enterprises with transnational governance in China,as the case.Through analysis about its internationalization process,we have found that,by adjusting human and social capital of the board,Lenovo Group provides the resources to adapt to changes in the external environment and match with Lenovo＇s specific internationalization strategy.At the same time,the further adjustment of Lenovo internationalization also affects the change of the board capital.This study contributes to：（1）from the dynamic view,investigate the evolution mechanism of the dynamic interaction of corporate environment,the board capital and internationalization;and（2）find the dynamic matching mechanism of the board capital and internationalization of a corporation.The conclusion of this paper can have an important theoretical value for improving and enhancing the effectiveness of corporate governance of Chinese enterprises in the process of transnational management,and can have a guiding significance for the government policy.

关 键 词：跨国企业 董事会人力资本 董事会社会资本 国际化战略 演化机制 

分 类 号：F270[经济管理—企业管理]