企业内、外部能力平衡与公司治理效率研究

A Study on Internal and External Capability Balance and Corporate Governance Efficiency

本文从二元平衡理论和动态能力理论的角度出发来探析组织内部能力(营销能力与创新能力)与外部能力(政治关联)战略平衡对公司治理效率的影响机制。研究结果表明:企业的内外部能力对公司治理效率都具有积极的影响,其中创新能力与外部政治关联对公司治理效率的影响存在替代关系,而营销能力与外部政治关联对公司治理效率的影响存在互补关系;行业竞争程度在创新能力与外部能力对公司治理效率的替代性关系中存在显著的负向调节,而制度环境对这一作用机制的调节作用并不显著;制度环境在营销能力与外部能力对公司治理效率的互补性关系中具有显著的正向调节,但行业竞争程度对这一作用机制的调节作用并不显著。研究结论为我国的公司治理提供一定的实践启示,也为其发展提供了理论参考。

From the perspective of dual equilibrium theory and dynamic capability theory,this paper analyzes impacts that the mechanism of the strategic balance of organizational internal(marketing ability and innovation ability)and external abilities(political relationship)has on corporate governance efficiency.The results prove that:The internal and external capabilities of enterprises have a positive impact on the corporate governance efficiency.The internal and external capabilities of enterprises affect the efficiency of corporate governance.In the alternative relationship,the relationship between marketing ability and external political relationship has a complementary relationship with the efficiency of corporate governance;the degree of industry competition has a significant negative adjustment in the alternative relationship between innovation ability and external ability to corporate governance efficiency,and the institutional environment.The regulation of an action mechanism is not significant;the institutional environment has a significant positive adjustment in the complementary relationship between marketing ability and external ability to corporate governance efficiency,but the degree of industry competition has no significant effects on the regulation of this mechanism.The research conclusions provide certain practical enlightenment for the corporate governance in China,and also provide theoretical references for its development.