管理者心理韧性、战略变革与企业成长——基于香港联合证券交易所中资上市公司的实证研究

管理评论 ›› 2022, Vol. 34 ›› Issue (2): 269-280.

管理者心理韧性、战略变革与企业成长——基于香港联合证券交易所中资上市公司的实证研究

乔朋华¹, 张悦¹, 许为宾², 石琳娜³

1. 昆明理工大学管理与经济学院, 昆明 650032;
2. 贵州大学管理学院, 贵阳 550025;
3. 四川省科技促进发展研究中心, 成都 610041

收稿日期:2019-10-15 出版日期:2022-02-28 发布日期:2022-03-24
通讯作者: 许为宾（通讯作者），贵州大学管理学院副教授，博士
作者简介:乔朋华，昆明理工大学管理与经济学院教授，博士生导师，博士;张悦，昆明理工大学管理与经济学院硕士研究生;石琳娜，四川省科技促进发展研究中心助理研究员，硕士
基金资助:
国家自然科学基金项目（71702084；71862006）；教育部人文社会科学青年项目（17YJC630112）；云南省高层次人才项目（109720200116）；云南省哲学社会科学规划项目（YB201797）；昆明理工大学引进高层次人才项目（1411909429）；昆明理工大学管经学院新进博士科研支持计划项目（BS2018001）；昆明理工大学管理与经济学院硕博生科研激励计划。

Managerial Resilience, Strategy Change and Firm Growth——An Empirical Study on Chinese Listed Companies in Hong Kong Stock Market

Qiao Penghua¹, Zhang Yue¹, Xu Weibin², Shi Linna³

1. Faculty of Management and Economics, Kunming University of Science and Technology, Kunming 650032;
2. School of Management, Guizhou University, Guiyang 550025;
3. Science & Technology for Development Research Center of Sichuan Province, Chengdu 610041

Received:2019-10-15 Online:2022-02-28 Published:2022-03-24

摘要/Abstract

摘要： 管理者个人特质如何影响企业成长是学术界长期关注的问题，对管理者心理韧性与企业成长关系的研究尚处于起步阶段。本文以2007—2017年香港联合证券交易所中资上市企业为样本，实证研究了管理者心理韧性、战略变革与企业成长三者之间的关系，以及博彩文化对此路径所起到的调节作用。结果表明：（1）管理者心理韧性对企业长期绩效具有正向影响，对企业短期绩效具有负向影响；（2）管理者心理韧性促进企业战略变革；（3）战略变革在管理者心理韧性与企业长、短期绩效之间起中介作用；（4）博彩文化正向调节了管理者心理韧性与战略变革的关系，并强化了战略变革在管理者心理韧性与企业成长之间的中介作用。本文拓展了管理者心理特质对企业成长的影响研究，丰富了高阶梯队理论，为企业获得可持续成长提供了新的思路。

关键词: 管理者心理韧性, 企业成长, 战略变革, 博彩文化

Abstract: There have been a long paid attention to the influence of managerial personal characteristics on firm growth. The research on the influence of managerial resilience on firm growth is still in its infancy. Taking 625 Chinese listed companies on the Hong Kong Stock market in 2007-2017 as samples, we empirically study the relationship between managerial resilience, strategy change and firm growth, and the regulatory role of gaming culture in this path. The results show that: (1) Managerial resilience has a positive impact on the long-term performance of the companies, and has a negative impact on their short-term performance; (2) Managerial resilience promotes their strategic change; (3) Strategic change plays a mediating role between resilience and firm growth; (4) Gambling culture positively regulates the relationship between managerial resilience and strategic change; gambling culture positively regulates the mediating role of strategic change between managerial resilience and firm growth. This paper expands the research on the influence of managerial psychological traits on the growth of enterprises, enriches the researches of the upper echelons theory, and provides a new idea for enterprises to achieve sustainable growth.

Key words: managerial resilience, firm growth, strategy change, gambling culture

乔朋华, 张悦, 许为宾, 石琳娜. 管理者心理韧性、战略变革与企业成长——基于香港联合证券交易所中资上市公司的实证研究[J]. 管理评论, 2022, 34(2): 269-280.

Qiao Penghua, Zhang Yue, Xu Weibin, Shi Linna. Managerial Resilience, Strategy Change and Firm Growth——An Empirical Study on Chinese Listed Companies in Hong Kong Stock Market[J]. Management Review, 2022, 34(2): 269-280.

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