民营上市公司创业团队冲突及其对企业绩效影响的实证分析

Life Cycle of Entrepreneur, Team Conflict of Entrepreneurial Firm and Firm Performance: Evidence from China Listed Private Firms

从企业家生命周期的视角出发,研究了民营创业企业上市后管理团队冲突的存在性及其对企业经营绩效的影响。以我国中小企业板和创业板上市公司为研究对象,通过实证分析发现,民营企业上市后依然存在较为严重的管理团队冲突,并且这种冲突对企业经营绩效有显著的负面影响,需要引起即将上市和已经上市的民营企业的重视。

Based on the life cycle of entrepreneur, this paper studies the conflict of management team and its impact on firm performance after Initial Public Offerings （IPO）. Taking private companies from China small and mid enterprise board and growth enterprises board as our research sample, the authors find that there is significant management team conflict in private firms after IPO, and the management team conflict has significant impact on firm performance, which should be paid attention to by firms that will go public or those already in the listed companies.