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中文摘要：
从企业家能力角度，对创业型企业的多元化扩张现象进行了理论探讨，并基于205家企业数据进行统计检验。结果表明：企业家能力越高，就越有动机采取多元化战略，甚至是非相关多元化战略；企业家能力越高．则企业绩效越高；有限多元化有助于企业赢利水平的改进，而相关多元化与非相关多元化则阻碍了企业的成长：拥有高企业家能力的企业，如果采取相关多元化战略，则会显著改进公司的绩效，但如果这些企业进入到非相关业务领域．则无法显著促进企业的成长。我们的研究表明，从企业家能力角度探讨创业型企业的多元化扩张是一个很有意义的研究方向。
英文摘要：
Based on the entrepreneurial theory and the data obtained from the survey of 205 venturing businesses in China, this paper discusses the motivation and effects of diversification. The results indicate that, firstly, the higher the entrepreneur competence, the more likely the enterprise adopts diversification strategy, even the unrelated diversification strategy; Secondly,the entrepreneurial competence is positively related to the corporate performance; Thirdly, related diversification and unrelated diversification hamper the improvement of corporate performance, but the limited diversification strategy favors it; Fourthly, if enterprises with high entrepreneurial competence adopt related diversification strategy, their performance will be evidently improved, but if they expand to unrelated business, the effects will be insignificant. And our study also shows that, it is worthwhile to explore the research of diversification strategy based on the behavior competence of entrepreneurs.
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