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Institutional Environment, Executive Equity Incentive, and Enterprise Innovation: The Case of China 制度环境、高管股权激励与企业创新:以中国为例
IF 1.9 4区 管理学 Q2 Business, Management and Accounting Pub Date : 2023-06-26 DOI: 10.1515/erj-2022-0383
Haijie Yu, Hong Li
Abstract The increase in national-level innovation driven by corporate innovation is an inherent requirement for the current shift from high-speed growth to high-quality development in China’s economy. In this study, we empirically analysed the influence of the institutional environment on corporate innovation and its underlying mechanism based on panel data of Chinese A-share listed companies from 2008 to 2016. The empirical results demonstrated that the institutional environment is conducive to the improvement of corporate innovation, and this result is validated by further robustness tests. The analysis of the companies’ subsamples showed that the stimulation effect of the institutional environment on corporate innovation is more significant in Central and Western China than in Eastern China. The role of the institutional environment is also more evident in non-state-owned small and medium-sized enterprises. Further analysis demonstrated that investment in R&D plays a mediator role in the context where the institutional environment promotes corporate innovation, and the executive equity incentives in this process have a moderating effect.
以企业创新为驱动的国家级创新水平的提高,是当前中国经济由高速增长向高质量发展转变的内在要求。本文基于2008 - 2016年中国a股上市公司面板数据,实证分析了制度环境对企业创新的影响及其深层机制。实证结果表明,制度环境有利于企业创新的提升,并通过进一步的稳健性检验验证了这一结果。对企业子样本的分析表明,制度环境对企业创新的激励作用在中西部地区比东部地区更为显著。制度环境的作用在非国有中小企业中也更为明显。进一步分析表明,在制度环境促进企业创新的背景下,研发投入起到中介作用,高管股权激励在这一过程中起到调节作用。
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引用次数: 0
Determinants of Entrepreneurial Employee Activity in Saudi Arabia 沙特阿拉伯创业员工活动的决定因素
IF 1.9 4区 管理学 Q2 Business, Management and Accounting Pub Date : 2023-06-21 DOI: 10.1515/erj-2022-0207
Ahmed Basingab, A. Turro, D. Urbano
Abstract Literature shows that entrepreneurial employee activity is positively related to organisational growth and competitiveness. A significant number of studies have focused on the determinants of entrepreneurial employee activity. However, there are aspects of these determinants that remain unexplored; in particular, the role of factors at the environmental level and their moderating effect has rarely been tested. Based on Human Capital Theory and Institutional Theory, this paper aims to analyse the direct and moderating effects of the determinants of entrepreneurial employee activity. Data were obtained from the 2016 Global Entrepreneurship Monitor for the context of Saudi Arabia (1499 observations). By applying a logistic regression model, we found that intrapreneurial skills, education and social status have significant and direct effects on entrepreneurial employee activity. In addition, ease of business and social status moderate and reinforce the effect of intrapreneurial skills on entrepreneurial employee activity. The results suggest that context plays a major role in the antecedents of entrepreneurial employee activity and that its effect may be different in the case of Saudi Arabia as compared to Western countries. Theoretical and practical implications are derived from these findings.
文献表明,创业型员工活动与组织成长和竞争力呈正相关。相当数量的研究集中在企业雇员活动的决定因素上。然而,这些决定因素的一些方面仍未被探索;特别是,环境层面的因素的作用及其调节作用很少得到检验。基于人力资本理论和制度理论,本文旨在分析创业员工活动的决定因素的直接作用和调节作用。数据来自2016年沙特阿拉伯背景下的全球创业监测(1499次观察)。运用logistic回归模型,我们发现创业技能、教育程度和社会地位对创业员工活动有显著的直接影响。此外,商业便利性和社会地位调节并加强了创业内部技能对创业员工活动的影响。研究结果表明,背景在创业员工活动的前因中起着重要作用,其影响在沙特阿拉伯与西方国家相比可能有所不同。这些发现产生了理论和实践意义。
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引用次数: 0
The Family Effect: A Compass for Research on Heterogeneity of Family Businesses in Embedded Contexts 家族效应:嵌入式背景下家族企业异质性研究的指南针
IF 1.9 4区 管理学 Q2 Business, Management and Accounting Pub Date : 2023-06-20 DOI: 10.1515/erj-2023-0221
Rania Labaki, M. Mustafa
Abstract We highlight recent research on the intertwinement of family, entrepreneurship, and strategy with a particular focus on entrepreneurial and business families. Our efforts lead us to untangle the nodal points by suggesting an interpretative framework of their main dimensions, motivators, and impacts. The family logic transcends entrepreneurial, strategic, and psychological decisions and dimensions by shaping in different ways their processes from the motivations to the outcomes. It appears, therefore, as an essential unit of study that ought to inform future research of family businesses in embedded contexts. Towards this direction, we suggest a series of theoretical and empirical route(s) along with methodological recommendations.
本文重点介绍了最近关于家族、企业家精神和战略相互交织的研究,并特别关注企业家和商业家族。我们的努力引导我们通过提出其主要维度、动机和影响的解释框架来解开这些节点。通过以不同的方式塑造从动机到结果的过程,家庭逻辑超越了创业、战略和心理决策和维度。因此,它似乎是一个基本的研究单元,应该为未来嵌入式背景下的家族企业研究提供信息。在这个方向上,我们提出了一系列的理论和经验路线以及方法论建议。
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引用次数: 2
The Dynamic Capabilities of High-Turbulent Markets: Indonesian Start-Up Cases During COVID-19 Pandemic 高动荡市场的动态能力:2019冠状病毒病大流行期间印尼创业案例
IF 1.9 4区 管理学 Q2 Business, Management and Accounting Pub Date : 2023-04-20 DOI: 10.1515/erj-2022-0225
I. Handoko, Hendro Adiarso Tjaturpriono
Abstract This study explores how start-ups manage high-turbulent markets during the first six-months of the COVID-19 pandemic, and how dynamic capabilities are operationalized in that situation. A multiple-case study approach was employed to investigate eight start-up cases in Indonesia. Indonesia was chosen to represent an emerging economy with a tremendous growing number of start-ups. The data are presented based on the evolving circumstances of the COVID-19 crisis. The research findings illustrate how dynamic capabilities are operationalized simultaneously with the validation of adjusted business models through simple-experiential routines, iterative executions, and action-oriented processes amidst the high-turbulent markets. Dynamic capabilities that operate in full combination by sensing, seizing, and transforming capabilities potentially can facilitate the creation of values for firms faster than otherwise. This study also identifies specific elements and alignment mechanisms incorporated in the dynamic capabilities.
本研究探讨了初创企业在新冠肺炎大流行的前六个月如何应对高度动荡的市场,以及在这种情况下如何运用动态能力。采用多案例研究方法调查印度尼西亚的8个创业案例。印尼被选为新兴经济体的代表,其初创企业数量不断增加。这些数据是根据COVID-19危机不断变化的情况提供的。研究结果表明,在高度动荡的市场中,动态能力是如何通过简单的经验惯例、迭代执行和以行动为导向的流程,与调整后的商业模式的验证同时运作的。动态能力通过感知、把握和转化能力的充分结合,可能比其他方式更快地促进企业价值的创造。本研究还确定了动态能力中包含的具体元素和对齐机制。
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引用次数: 1
Impact of Entrepreneurial Orientation on MSME Performance: Mediating Role of Entrepreneurial Competency 创业导向对中小微企业绩效的影响:创业胜任力的中介作用
IF 1.9 4区 管理学 Q2 Business, Management and Accounting Pub Date : 2023-04-19 DOI: 10.1515/erj-2022-0315
Arpita Goyal, U. Mishra
Abstract This study uses entrepreneurial competencies as a mediating element to explore the scope and pattern of influence of entrepreneurial orientation (EO) on micro, small and medium entrepreneur (MSME) business success. The study’s target population was small-scale business owners and employees from Rajasthan, India. A sample of 339 small companies was selected through the purposive sampling method. Data were gathered through a survey instrument designed given an appropriate theoretical context. The survey instrument was tested for its proper validity and reliability. Further, we used the structural equation modeling approach to test the hypotheses. Derived findings indicated that the direct impact of entrepreneurial orientation (EO) on firm performance was significant. Additionally, the relationship between EO and MSME performance was partially mediated by entrepreneurial competencies. The conceptual framework and findings offer the MSME sector entrepreneur new directions for positioning their product in customers’ minds and supporting the growth of an innovative and opportunistic mindset. The current research findings help to outperform the competition and take advantage of market opportunities. The organization must be able to correctly match what it delivers to the consumer with the needs and demands of the customer.
摘要本研究以创业能力为中介因素,探讨创业取向对中小微创业者创业成功的影响范围和模式。这项研究的目标人群是来自印度拉贾斯坦邦的小企业主和雇员。采用目的抽样法,选取339家中小企业作为样本。数据是通过一种调查仪器收集的,该仪器的设计给出了适当的理论背景。对该测量仪器进行了有效度和信度测试。进一步,我们使用结构方程建模方法来检验假设。结果表明,创业导向对企业绩效的直接影响显著。此外,创业能力在创业绩效与创业绩效之间起到部分中介作用。概念框架和研究结果为中小微企业部门的企业家提供了新的方向,以定位他们的产品在客户心目中的位置,并支持创新和机会主义思维的增长。目前的研究成果有助于超越竞争对手,并利用市场机会。组织必须能够正确地将其交付给消费者的内容与客户的需要和要求相匹配。
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引用次数: 0
How Does Entrepreneurial Role Model Connect to Entrepreneurial Perceptions: The Moderating Role of Psychological Distance 创业角色模式对创业认知的影响:心理距离的调节作用
IF 1.9 4区 管理学 Q2 Business, Management and Accounting Pub Date : 2023-04-10 DOI: 10.1515/erj-2019-0284
Haiyuan Zhao, Hui-jie Jiang, Qinyi Fang, Q. Weng
Abstract The influence of entrepreneurial role models on individuals could be regarded as a social learning process. However, we still lack an in-depth understanding of under what conditions the impacts of entrepreneurial role models are stronger or weaker. This paper draws on social learning theory and construal level theory to explore how entrepreneurial role models relate to individuals’ entrepreneurial perceptions under different psychological distance dimensions. A representative sample of 322 final-year students from nine universities in China was analyzed. The results demonstrated that entrepreneurial role model was positively associated with feasibility and desirability perceptions. Further, we found that the spatial distance and social distance as boundary conditions, respectively, moderated the main effects. This study extends prior research on the functions of entrepreneurial role model by providing a psychological distance perspective.
创业榜样对个体的影响可以看作是一个社会学习过程。然而,在何种条件下,企业家榜样的影响更强或更弱,我们仍然缺乏深入的理解。本文运用社会学习理论和解释水平理论,探讨不同心理距离维度下创业角色模型与个体创业知觉的关系。本文分析了来自中国九所大学的322名应届毕业生的代表性样本。结果表明,企业家角色模式与可行性和可取性感知呈正相关。此外,我们发现空间距离和社会距离分别作为边界条件调节了主要影响。本研究通过提供心理距离视角,扩展了前人对创业榜样功能的研究。
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引用次数: 1
The Influence of Top Management’s Strategic Planning Capacity and Entrepreneurial Orientation on Corporate Entrepreneurship 高层管理者战略规划能力和创业取向对企业创业精神的影响
IF 1.9 4区 管理学 Q2 Business, Management and Accounting Pub Date : 2023-04-06 DOI: 10.1515/erj-2022-0018
Kuo-Ting Hung, Somnath Banerjee, O. Nordstrom, Chanchai Tangpong, Yue Li, Jin Li
Abstract This study examines whether, and how, top management influences middle management’s support of corporate entrepreneurship activities. Specifically, the study explores the influence of top management characteristics, i.e. strategic planning capacity and entrepreneurial orientation, on manager’s decision to support innovation adoption. We report on the findings from a vignette study. Research participants included a group of 259 experienced business professionals: 148 from the United States and 111 from China. The results suggest that the alignment of strategic planning capacity and entrepreneurial orientation influences middle management’s support for corporate entrepreneurship in both cultural settings.
摘要本研究考察高层管理人员是否以及如何影响中层管理人员对公司创业活动的支持。具体而言,本研究探讨了高层管理特征,即战略规划能力和创业取向对管理者支持创新决策的影响。我们报告了一项小研究的结果。研究参与者包括259名经验丰富的商业专业人士:148人来自美国,111人来自中国。研究结果表明,在两种文化背景下,战略规划能力和创业取向的一致性影响中层管理人员对企业创业的支持。
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引用次数: 0
Innovation Ambidexterity and Firm Performance: The Moderating Effects of Contextual Factors 创新双元性与企业绩效:情境因素的调节作用
IF 1.9 4区 管理学 Q2 Business, Management and Accounting Pub Date : 2023-04-03 DOI: 10.1515/erj-2022-0138
R. Fragoso, Vanessa Scazziota, Luiz Guerrazzi, R. Quaresma, Jorge Casas Novas
Abstract The purpose of this paper is to assess the moderating effects of motivating and contextual factors on the relationship of innovation ambidexterity and firm performance. A theoretical framework was developed and tested using survey data from a sample of the Global University Entrepreneurial Spirit Students’ Survey (GUESSS). The results suggest a positive effect of ambidexterity on firm performance, which is positively moderated by motivating factors, the number of co-owners and normative and cognitive institutions, such as power distance and university environment and program learning, respectively. The study provides important insights for policymakers to promote entrepreneurial education and clues for future research, as well as extends existing theory by offering insights on the moderator effects of individual and contextual factors on the relationship between ambidexterity and firm performance, assuming the benefits of the synergic effects of exploration and exploitation.
摘要本文旨在探讨激励因素和情境因素对创新双元性与企业绩效关系的调节作用。我们开发了一个理论框架,并使用全球大学创业精神学生调查样本(guess)的调查数据进行了测试。结果表明,双元性对企业绩效有正向影响,并分别受到激励因素、共有人数量、规范和认知制度(如权力距离、大学环境和项目学习)的正向调节。本研究为政策制定者促进创业教育提供了重要的见解,并为未来的研究提供了线索,同时,在假设探索和开发的协同效应有利的情况下,通过对个体因素和情境因素对双元性与企业绩效关系的调节作用提供了见解,扩展了现有理论。
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引用次数: 0
Frontmatter 头版头条
4区 管理学 Q2 Business, Management and Accounting Pub Date : 2023-04-01 DOI: 10.1515/erj-2023-frontmatter2
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引用次数: 0
Family Firm Research Frontier 家族企业研究前沿
IF 1.9 4区 管理学 Q2 Business, Management and Accounting Pub Date : 2023-03-28 DOI: 10.1515/erj-2023-0091
S. Danes, R. Zachary, Elisa Balabram
Abstract The future study of the family firm calls for in-depth, precise conceptualizations, as well as multidisciplinary methodologies. The family firm is presented herein as a suprasystem that offers a full recognition and representation of its organizational and relational realities. Future family firm research must embrace these conceptualizations and build an unbiased parallel research suprasystem that enhances future research studies through demonstrating the interconnectedness and interdependentness of family, business, and family/business interface subsystems. Doing so will move the family firm and entrepreneurship disciplines toward creating a path to achieving a deeper and wider understanding of how family firm suprasystems emerge, develop, and sustain themselves overtime. Future researchers can meet these challenging opportunities with appropriate conceptualizations and methodologies.
未来对家族企业的研究需要深入、精确的概念,以及多学科的研究方法。在本文中,家族企业作为一个上层系统,提供了对其组织和关系现实的充分认识和表现。未来的家族企业研究必须包含这些概念,并建立一个公正的平行研究超系统,通过展示家族、企业和家族/企业接口子系统的互联性和相互依赖性来增强未来的研究。这样做将推动家族企业和创业学科朝着更深入、更广泛地理解家族企业超级系统如何出现、发展和持续发展的方向发展。未来的研究人员可以用适当的概念和方法来迎接这些具有挑战性的机会。
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引用次数: 1
期刊
Entrepreneurship Research Journal
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