通过跨界技术并购缓解企业经营压力的决策路径研究——基于刺激-反应理论的组态分析  

Research on the Recipes of Decision on Relieving the Enterprise's Operating Pressure Through Boundary-spanning Technology M&A——A Configuration Analysis Based on S-R Theory

作　　者：王宛秋[1] 王冉 王芳[1] 侯雅雯 唐中君[1] WANG Wan-qiu;WANG Ran;WANG Fang;HOU Ya-wen;TANG Zhong-jun(School of Economics and Management,Bejing University of Technology,Bejing 100124)

机构地区：[1]北京工业大学经济与管理学院,北京100124

出　　处：《软科学》2023年第8期103-109,118,共8页Soft Science

基　　金：北京社会科学基金研究基地重点项目(18JDGLA042)。

摘　　要：基于刺激-反应理论,构建PCR-P(压力刺激、并购能力、决策反应、绩效结果)整合性分析模型,采用fsQCA,以上市企业跨界技术并购事件为样本,探讨了不同经营压力刺激下企业差异化跨界技术并购行业选择反应对绩效改善的影响路径。研究表明:经营压力是企业跨界技术并购的重要驱动因素;目标企业行业相关性和成长性是经营压力下跨界技术并购决策的重要考虑因素;存在五类殊途同归的实现高绩效改善的组态。Based on S-R theory,integrating the operating pressure,firm capabilities,the decision of what"boundary"choose to enter and firm performance,this paper constructs an integrated analysis framework of PCR-P.And then,it conducts a fsQCA of all boundary-spanning technology M&A across publicly listed firms to explore how different operating pressure stimulate firm to make differentiation boundary-spanning technology M&A industry selection to achieve high performance improvement,according to M&A capabilities.results show that operating pressure is an important driving factor for boundary-spanning technology M&A.Furthermore,the industry relevance and growth of target firm are important considerations for boundary-spanning technology M&A decisions under operating pressure,and there are five recipes to achieve high performanceimprovement.

关 键 词：跨界技术并购 经营压力 目标企业 企业绩效改善 模糊集定性比较分析 

分 类 号：F271[经济管理—企业管理] F273.1[经济管理—国民经济] F272.5