国际化战略实施、公司治理与中小企业商业模式转型——以深圳证券交易所中小上市公司为例

发布时间：2018-05-27 05:29

本文选题：企业国际化 + 激励机制　；参考：《科技进步与对策》2017年22期

【摘要】：中小企业国际化扩张会对企业商业模式转型产生何种影响?中小企业公司治理能否有效解决商业模式转型中的代理问题?基于资源依赖和公司治理视角,以深圳证券交易所中小上市公司为样本,采用多层线性回归方法研究发现:(1)从短期看,我国中小企业国际化战略对商业模式转型有显著抑制作用。随着国际化程度的加深,在国际化环境下获得的资源对商业模式转型存在积极作用,但影响效果不显著;(2)高管短期薪酬激励对企业商业模式转型有显著消极作用,高管持股激励对企业商业模式转型具有积极影响,但影响效果不显著;(3)公司治理中的监督机制能够有效解决由管理者自利行为引发的代理问题,公司监督能力越强,商业模式转型程度越大;(4)国际化战略实施和公司治理间的强化作用不显著。
[Abstract]:What impact will the international expansion of SMEs have on the transformation of business models? Can the corporate governance of small and medium-sized enterprises effectively solve the agency problem in the transformation of business model? Based on the perspective of resource dependence and corporate governance, taking the small and medium-sized listed companies of Shenzhen Stock Exchange as a sample, using the multilevel linear regression method, we find that: 1) in the short term, The internationalization strategy of small and medium-sized enterprises in China has a significant restraining effect on the transformation of business model. With the deepening of internationalization, the resources obtained in the international environment have a positive effect on the business model transformation, but the effect is not significant. 2) the short-term executive compensation incentive has a significant negative effect on the business model transformation. Executive ownership incentive has a positive impact on the transformation of business model, but the effect is not significant. 3) the supervision mechanism in corporate governance can effectively solve the agency problem caused by the self-interest behavior of managers, the stronger the supervisory ability of the company is. The greater the degree of business model transformation is, the less significant is the strengthening effect between the implementation of internationalization strategy and corporate governance.
【作者单位】：华东理工大学商学院;济南大学商学院;山东龙山绿色经济研究中心;
【基金】：国家社会科学基金项目(14BGL164;13BGL018) 山东省软科学研究计划项目(2015RKB01300)
【分类号】：F271;F276.3

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