资本网络嵌入对国际创业企业动态能力的影响——风险偏好的调节作用  

Impact of Capital Network Embeddedness on the Dynamic Capabilities of International Entrepreneurial Firms:The Moderating Role of Risk Appetite

作　　者：彭华涛[1,2] 杨星 吴双 Peng Huatao;Yang Xing;Wu Shuang(School of Management,Wuhan University of Technology;School of Entrepreneurship,Wuhan University of Technology,Wuhan 430070,China)

机构地区：[1]武汉理工大学管理学院 [2]武汉理工大学创业学院,湖北武汉430070

出　　处：《科技进步与对策》2024年第9期89-98,共10页Science & Technology Progress and Policy

基　　金：国家社会科学基金项目(23BGL085);中央高校基本科研业务费专项资金资助项目(2023-vb-053,2023-vb-077)。

摘　　要：国际化情境下,创业企业如何嵌入资本网络以提升动态能力,这一问题引起学界广泛讨论。基于社会网络理论与动态能力理论,以2011—2022年87家国际创业企业为样本,检验资本网络嵌入对国际创业企业动态能力的影响,以及风险偏好对上述关系的调节作用。结果显示,资本网络关系嵌入、结构嵌入分别对国际创业企业动态能力具有显著正向影响,风险偏好在资本网络关系嵌入、结构嵌入促进国际创业企业动态能力提升过程中发挥正向调节作用。结论可丰富资本网络与创业动态能力相关研究,为国际创业企业提升动态能力以应对动荡的国际市场环境提供理论指导。In order to cope with the risks and challenges in the complex international market,the Chinese government has been resolved to promote the opening up to the outside world at a high level,keep improving the quality and upgrade the level of international circulation.Among them,developing international entrepreneurial activities has become a powerful measure to respond to the national strategy.The academic community has debated how entrepreneurial enterprises integrate capital networks to improve their dynamic capacities in a global setting.Currently,it is typical for entrepreneurial companies to chain shareholders so as to create a complex capital network that benefits the company both financially and informationally and fosters the creation of corporate value.Scholars have examined the capital network formed by shareholders,but the conclusions still remain controversial.On the one hand,according to the resource-based view,scholars point out that the shareholder network has certain resource and information advantages that bring heterogeneous information for enterprise development and promote enterprises'dynamic capability.However,from the perspective of social network theory,it is argued that there is information redundancy in the central position of the enterprise shareholder network,for it increases the cost of information processing and reduces the dynamic capability of the enterprise.Therefore,there is still a need to further discuss the mechanisms by which shareholder networks affect the dynamic capabilities of international entrepreneurial firms.In this study,a sample of 87 international entrepreneurial firms is selected,with data about directors and firms collected from 2011-2022.Director networks within firms are calculated using Ucinet software.Then regression analyses are performed by Stata 16.0 on the panel data which is merged and pre-processed through Excel.The effect of capital network embedding on the dynamic capabilities of international entrepreneurial firms and the moderating effect of risk appeti

关 键 词：资本网络嵌入 国际创业 动态能力 风险偏好 

分 类 号：F272.2[经济管理—企业管理]