企业家背景特征对科技型创业企业绩效的影响——一个有中介的调节模型
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摘要
以创新投入为中介变量、股权结构为调节变量,构建了企业家背景特征与科技型创业企业绩效之间关系的理论模型。基于254家科技型创业企业上市公司数据,采用多元回归分析方法对研究假设进行了实证检验。结果表明:企业家年龄对科技型创业企业绩效具有负向影响,教育水平、专业背景、职能背景均对科技型创业企业绩效具有正向影响;创新投入在企业家年龄、教育水平、专业背景和职能背景与科技型创业企业绩效之间具有部分中介作用;股权结构对企业家年龄与创新投入之间的关系具有正向调节作用,对职能背景与创新投入之间的关系具有负向调节作用;股权结构对企业家年龄、职能背景与科技型创业企业绩效间关系的调节作用通过创新投入的中介实现。
Based on the innovation input as the mediator and ownership structure as the moderator,this paper constructs a theoretical model of the relationship between entrepreneurs' background characteristics and technology-based start-ups performance.It makes an empirical test above 254 listed companies by multivariate statistical analysis.The results show that:entrepreneurs' age has negative impact on performance and degree,major and functional background have positive effect on performance;innovation input plays a partial intermediary role between entrepreneurs' background characteristics and performance;ownership structure positively moderates the relationship between age and innovation input and negatively moderates the relationship between functional background and innovation input;ownership structure moderates the relationship between age,functional background and performance by regarding innovation input as mediation.
Based on the innovation input as the mediator and ownership structure as the moderator,this paper constructs a theoretical model of the relationship between entrepreneurs' background characteristics and technology-based start-ups performance.It makes an empirical test above 254 listed companies by multivariate statistical analysis.The results show that:entrepreneurs' age has negative impact on performance and degree,major and functional background have positive effect on performance;innovation input plays a partial intermediary role between entrepreneurs' background characteristics and performance;ownership structure positively moderates the relationship between age and innovation input and negatively moderates the relationship between functional background and innovation input;ownership structure moderates the relationship between age,functional background and performance by regarding innovation input as mediation.
引文
[1]胡望斌,张玉利,杨俊.同质性还是异质性:创业导向对技术创业团队与新企业绩效关系的调节作用研究[J].管理世界,2014(6):92-109.
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[3]张建君,李宏伟.私营企业的企业家背景、多元化战略与企业业绩[J].南开管理评论,2007,10(5):12-25.
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[8]任海云.公司治理对R&D投入与企业绩效关系调节效应研究[J].管理科学,2011,24(5):37-47.
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[13]陶永明.企业技术创新投入对技术创新绩效影响机理研究——基于吸收能力视角[J].东北财经大学学报,2014(1):59-65.
[14]潘清泉,鲁晓玮.创业企业创新投入、高管过度自信对企业绩效的影响[J].科技进步与对策,2016,18(6):101-107.
[15]ROMANELLI E,TUSHMAN M L.Organizational transformation as punctuated equilibrium:an empirical test[J].Academy of Management Journal,1994,37(5):1141-1166.
[16]TAHINAKIS P D.R&D expenditures and earnings management:evidence from Eurozone countries in crisis[J].Journal of Economic Asymmetries,2014,11(3):104-119.
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[18]YUNLU D G,MURPHY D D.R&D intensity and economic recession investigating the moderating role of CEO characteristics[J].Journal of Leadership&Organizational Studies,2012,19(3):284-293.
[19]FORBES D P.Reconsidering the strategic implications of decision comprehensiveness[J].Academy of Management Review,2007,32(2):361-376.
[20]雷怀英,乔睿蕾,魏亚平.效益约束下高管团队特征对企业创新投入的影响——基于HLM模型[J].科技进步与对策,2014,31(16):104-111.
[21]NONAKA I,KONNO N.The concept of"Ba":building a foundation for knowledge creation[J].California Management Review,1998,40(3):40-54.
[22]康艳玲,黄国良,陈克兢.高管特征对研发投入的影响——基于高技术产业的实证分析[J].科技进步与对策,2011,28(8):147-150.
[23]毛剑峰,杨梅,王佳伟.政府干预、股权结构与企业绩效关系的实证[J].统计与决策,2015(5):157-159.
[24]冯根福,温军.中国上市公司治理与企业技术创新关系的实证分析[J].中国工业经济,2008,6(7):91-100.
[25]刘放,杨筝,杨曦.制度环境、税收激励与企业创新投入[J].管理评论,2016,28(2):61-73.
[26]吴旭云,贺小刚,郝影利.创业导向、网络嵌入与创业型企业成长关系研究[J].科技进步与对策,2013,30(5):78-84.
[27]ROMANELLI E,TUSHMAN M L.Organizational transformation as punctuated equilibrium:an empirical test[J].Academy of Management Journal,1994,37(5):1141-1166.
[28]温忠麟,张雷,侯杰秦.有中介的调节变量和有调节的中介变量[J].心理学报,2006,38(3):448-452.
[2]HAMBRICK D C,MASON P A.Upper echelons:the organization as a reflection of its top managers[J].Academy of Management Annual Meeting Proceedings,1982,9(2):193-206.
[3]张建君,李宏伟.私营企业的企业家背景、多元化战略与企业业绩[J].南开管理评论,2007,10(5):12-25.
[4]刘烨,金秀,李凯,等.高科技公司中的高管特征与绩效的实证研究[J].运筹管理,2010,19(6):181-186.
[5]李建军,李丹蒙.创业团队人力资本特征与高新技术企业研发投入——基于我国创业板公司的实证研究[J].软科学,2015,29(3):79-83.
[6]ZAHRA S A,NEUBAUM D O,HUSE M.Entrepreneurship in medium-size companies:exploring the effects of ownership and governance systems[J].Journal of Management,2000,26(5):947-976.
[7]胡明霞.管理层权力、技术创新投入与企业绩效[J].科学学与科学技术管理,2015,36(8):140-149.
[8]任海云.公司治理对R&D投入与企业绩效关系调节效应研究[J].管理科学,2011,24(5):37-47.
[9]杨浩,陈暄,汪寒.创业型企业高管团队教育背景与企业绩效关系研究[J].科研管理,2015,36(S1):216-223.
[10]WIERSEMA M F,BANTEL K A.Top management team demography and corporate strategic change[J].Academy of Management Journal,1992,35(1):91-121.
[11]李四海,陈璇.企业家专业背景与研发投入及其绩效研究[J].科学学研究,2014,32(10):25-38.
[12]黄新建,黄能丽,李晓辉.高管特征对提升企业R&D投资效率的影响[J].重庆大学学报:社会科学版,2014,20(3):62-64.
[13]陶永明.企业技术创新投入对技术创新绩效影响机理研究——基于吸收能力视角[J].东北财经大学学报,2014(1):59-65.
[14]潘清泉,鲁晓玮.创业企业创新投入、高管过度自信对企业绩效的影响[J].科技进步与对策,2016,18(6):101-107.
[15]ROMANELLI E,TUSHMAN M L.Organizational transformation as punctuated equilibrium:an empirical test[J].Academy of Management Journal,1994,37(5):1141-1166.
[16]TAHINAKIS P D.R&D expenditures and earnings management:evidence from Eurozone countries in crisis[J].Journal of Economic Asymmetries,2014,11(3):104-119.
[17]HOUGHTON J D,NECK C P.The revised self-leadership questionnaire:testing a hierarchical factor structure for self-leadership[J].Journal of Managerial Psychology,2002,17(8):672-691.
[18]YUNLU D G,MURPHY D D.R&D intensity and economic recession investigating the moderating role of CEO characteristics[J].Journal of Leadership&Organizational Studies,2012,19(3):284-293.
[19]FORBES D P.Reconsidering the strategic implications of decision comprehensiveness[J].Academy of Management Review,2007,32(2):361-376.
[20]雷怀英,乔睿蕾,魏亚平.效益约束下高管团队特征对企业创新投入的影响——基于HLM模型[J].科技进步与对策,2014,31(16):104-111.
[21]NONAKA I,KONNO N.The concept of"Ba":building a foundation for knowledge creation[J].California Management Review,1998,40(3):40-54.
[22]康艳玲,黄国良,陈克兢.高管特征对研发投入的影响——基于高技术产业的实证分析[J].科技进步与对策,2011,28(8):147-150.
[23]毛剑峰,杨梅,王佳伟.政府干预、股权结构与企业绩效关系的实证[J].统计与决策,2015(5):157-159.
[24]冯根福,温军.中国上市公司治理与企业技术创新关系的实证分析[J].中国工业经济,2008,6(7):91-100.
[25]刘放,杨筝,杨曦.制度环境、税收激励与企业创新投入[J].管理评论,2016,28(2):61-73.
[26]吴旭云,贺小刚,郝影利.创业导向、网络嵌入与创业型企业成长关系研究[J].科技进步与对策,2013,30(5):78-84.
[27]ROMANELLI E,TUSHMAN M L.Organizational transformation as punctuated equilibrium:an empirical test[J].Academy of Management Journal,1994,37(5):1141-1166.
[28]温忠麟,张雷,侯杰秦.有中介的调节变量和有调节的中介变量[J].心理学报,2006,38(3):448-452.