企业家个人特质与创业企业绩效——社会资本的中介作用

Entrepreneurs' Personal Traits and Startup Corporate Performance——Mediating Role of Social Capital

基于个人特质理论,将企业家个人特质分为教育、职业和品格三个维度,利用139家中国创业板上市公司的数据,对企业家个人特质、社会资本和企业绩效的内在关系进行实证分析。结果表明:企业家个人特质是形成和构建其社会资本的基础,通过社会资本的作用影响企业财务绩效和创新绩效,社会资本在个人特质和财务绩效中起部分中介作用,在创新绩效中起完全中介作用。具体的,社会资本在教育特质与企业绩效间不具中介作用,在职业特质与企业绩效中起完全中介作用,在品格特质中仅对财务绩效起完全中介作用。

Based on the theory of personal traits, entrepreneurs＇ personal traits are divided into three dimensions： education, profession and charaeter trait. Using the data from the 139 Chinese gem listed companies, empirical analysis is conducted on the internal relations among entrepreneurs＇ personal traits, social capital and corporate performance. The results show that： Entrepreneurs＇ personal traits are basis for forming and construction of social capital thereof, the social capital influences the corporate financial performance and innovation performance; social capital takes a partially mediating role between personal traits and financial performance, takes a completely mediating role in innovation performance. Specifically, social capital does not take a mediating role between personal traits and corporate performance, but takes a completely mediating role between professional traits and corporate performance, and just takes a completely mediating role between character traits and financial performance.