企业进行战略变革主要是为了寻求生存和更好的绩效表现,企业的战略环境一直是影响企业竞争战略变革绩效表现的重要因素。运用2003~2011年制造业中上市公司面板数据,实证研究了环境不确定性对于企业战略变革与绩效关系的调节作用。研究结果显示:随着变革力度的加大,战略变革与绩效之间由正向关系转为负向关系,即战略变革与绩效之间呈倒U型关系。环境动态性、复杂性加强了战略变革与绩效之间的正向关系,缓解了两者之间的负向关系。
Strategy reformss in enterprises aim at seeking survival and better performance.The enterprise strategic environment has been an important influencing factor of the enterprise competition strategy reform performance.In this paper, we use panel data of 216 manufacturing listed companies in 2003-2011 to examine how the relationship between the level of strategic reforms in the pattern of resource allocation and firm performance moderated by the environmental uncertainty.The result shows that,with the higher level of strategic reforms,the positive relationship between strategic reforms and performance turns into a negative one,namely strategic reforms and performance is an inverted U-shaped relationship.Environmental dynamics and complexity strengthen the positive relationship between strategy reforms and performance,but alleviate the negative relationship between them.