经营期望、管理自主权与战略变革——基于中国上市公司的数据分析 阅读全文
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Title | Performance Aspiration, Managerial Discretion and Strategic Change: An Empirical Study in China
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作者 | 连燕玲 贺小刚 周兵 Marian(Dan-Wei) Wen |
Author | Lian Yanling, He Xiaogang, Zhou Bing and Marian (Dan-Wei) Wen |
作者单位 | ,上海财经大学国际工商管理学院;台湾成功大学企业管理系 |
Organization | Shanghai University of Finance & Economics; National Cheng Kung University |
作者Email | ylian@wharton.upenn.edu |
中文关键词 | 经营期望 业绩反馈 战略变革 管理自主权 制度自主权 |
Key Words | Performance Aspiration; Strategic Change; Managerial Discretion; Institutional Discretion |
内容提要 | 本文基于企业行为理论,尤其是业绩反馈理论分析了经营期望差距与战略变革之间的关系,并探讨了管理者自主权,包括组织自主权、环境自主权和制度自主权的调节作用。实证分析表明:在面临业绩期望落差增大时,管理者实施战略变革的程度随之增大;而拥有较高的组织自主权(充足的组织资源和较低的组织惯性约束)、环境自主权(丰腴的市场环境和较低的行业资本约束),则强化了管理者在面临经营期望落差扩大时实施战略变革的程度;但制度自主权的缺失,如国企制度背景和欠发达的区域制度环境,则从内外部制度层面上约束了管理者行为决策的自由度,在经营期望落差扩大时反而削弱了其实施战略变革的程度。本研究有助于从经营期望视角来解释战略变革发生的动机问题,同时也有助于理解中国经济转型的特殊制度背景下,管理者的制度自主权对其行为决策的影响机制。 |
Abstract | This research paper investigates the relationship between performance aspiration and strategic change and explores the moderating effects of three different sorts of managerial discretions by incorporating behavioral theory of the firm, performance feedback theory and managerial discretion literature. The findings show that poor performance relative to organizational aspiration level triggers managerial behavior of strategic change. The larger performance-aspiration gap incurs higher level of strategic change. In addition, higher organizational discretion (higher resource endowment and lower organization inertia) and environmental discretion (better market and lower capital constraint) strengthen the degree of strategic change when mangers face the increase of performance-aspiration gap. In contrast, lack of institutional discretion constraints the discretion of managers’ decision-making, and results to the lower level of strategic change. This research enriches current understanding on the motivation of strategic change from performance aspiration perspective. More specifically, this research provides insights into the influence of managerial discretion on managers’ decision-making in the Chinese transitional economy context. |
文章编号 | WP501 |
登载时间 | 2013-07-24 |
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