论文利用中国上市公司2011年的数据,检验了企业家能力与经营绩效的关系,以及市场结构在企业家能力发挥中起到的作用。研究发现,企业家能力越高,公司经营绩效越高,随着市场份额的上升,企业家能力对经营绩效的提升作用在不断减弱。当市场份额较低时,企业家能力对经营绩效存在明显的提升作用;当市场份额较高时,企业家能力对经营绩效的提升作用变得不再显著。从行业生命周期看,处于衰退期的行业的市场结构对企业家能力的发挥并无显著作用。因此,在市场集中度较低的行业中,企业家能力是中小企业经营绩效的加速器。
This paper investigated the relationship between entrepreneurial ability and firm performance, and the role of industrial structure, using data of Chinese listed companies in 2011. It was found that the higher entrepreneurial ability, the better firm performance. The effect of entrepreneurial ability on firm performance is more significant in the companies with small market shares than that in companies with big market shares. In addition, the influence of industrial structure on the role of entrepreneurial ability was less significant in the recession industry. Therefore, upgrade the entrepreneurial ability is a short- cut to improve performance for the companies with low market shares.