Corporate shareholdings and organizational ambidexterity in high-tech SMEs: Evidence from a transitional economy

Journal of Business Venturing - Tập 27 - Trang 652-665 - 2012
Eric Gedajlovic1, Qing Cao2, Hongping Zhang3
1Departments of Innovation and Entrepreneurship and Strategy, School of Business, Simon Fraser University, Vancouver, British Columbia, Canada
2School of Business, University of Connecticut, Storrs, CT 06269, USA
3School of Management, Shandong University, Jinan, Shandong, 250100, China

Tài liệu tham khảo

Alchian, 1972, Production, information costs, and economic organization, The American Economic Review, 62, 777 Amsden, 1989 Anderson, 2003, Founding family ownership and firm performance: evidence from the S&P 500, Journal of Finance, 58, 1301, 10.1111/1540-6261.00567 Ardichvili, 2003, A theory of entrepreneurial opportunity identification and development, Journal of Business Venturing, 18, 105, 10.1016/S0883-9026(01)00068-4 Atuahene-Gima, 2004, Strategic decision comprehensiveness and new product development outcomes in new technology ventures, Academy of Management Journal, 47, 583, 10.2307/20159603 Bagozzi, 1991, Assessing construct validity in organizational research, Administrative Science Quarterly, 36, 421, 10.2307/2393203 Baker, 2005, Creating something from nothing: resource construction through entrepreneurial bricolage, Administrative Science Quarterly, 50, 329, 10.2189/asqu.2005.50.3.329 Baker, 2005, A framework for comparing entrepreneurial processes across nations, Journal of International Business Studies, 36, 492, 10.1057/palgrave.jibs.8400153 Baron, 1998, Cognitive mechanisms in entrepreneurship: why and when entrepreneurs think differently than other people, Journal of Business Venturing, 13, 275, 10.1016/S0883-9026(97)00031-1 Baron, 1986, The moderator-mediator variable distinction in social psychological research: conceptual, strategic, and statistical considerations, Journal of Personality and Social Psychology, 51, 1173, 10.1037/0022-3514.51.6.1173 Batjargal, 2004, Entrepreneurs' access to private equity in China: the role of social capital, Organization Science, 15, 159, 10.1287/orsc.1030.0044 Boardman, 1989, Ownership and performance in competitive environments: a comparison of the performance of private, mixed, and state-owned enterprises, Journal of Law and Economics, 32, 1, 10.1086/467167 Boisot, 1996, From fiefs to clans and network capitalism: explaining China's emerging economic order, Administrative Science Quarterly, 41, 600, 10.2307/2393869 Boycko, 1996, A theory of privatization, The Economic Journal, 106, 309, 10.2307/2235248 Braybrooke, 1970 Brislin, 1980, Translation and content analysis of oral and written material, vol. 2, 349 Brown, 2001, An operationalization of Stevenson's conceptualization of entrepreneurship as opportunity-based firm behavior, Strategic Management Journal, 22, 953, 10.1002/smj.190 Cao, 2009, Unpacking organizational ambidexterity: dimensions, contingencies, and synergistic effects, Organization Science, 20, 781, 10.1287/orsc.1090.0426 Carney, 2005, Corporate governance and competitive advantage in family-controlled firms, Entrepreneurship Theory and Practice, 29, 249, 10.1111/j.1540-6520.2005.00081.x Carney, 2000, East Asian financial systems and the transition from investment driven to innovation driven economic development, International Journal of Innovation Management, 4, 253, 10.1016/S1363-9196(00)00016-0 Chandler, 1990 Chang, 2010, From the editors: common method variance in international business research, Journal of International Business Studies, 41, 178, 10.1057/jibs.2009.88 Chesbrough, 2000, Designing corporate ventures in the shadow of private venture capital, California Management Review, 42, 31, 10.2307/41166041 Chrisman, 2005, Trends and directions in the development of a strategic management theory of the family firm, Entrepreneurship Theory and Practice, 29, 555, 10.1111/j.1540-6520.2005.00098.x Ciavarella, 2004, The big five and venture survival: is there a linkage?, Journal of Business Venturing, 19, 465, 10.1016/j.jbusvent.2003.03.001 Cohen, 1990, Absorptive capacity: a new perspective on learning and innovation, Administrative Science Quarterly, 35, 128, 10.2307/2393553 Cohen, 1972, A garbage can model of organizational choice, Administrative Science Quarterly, 17, 1, 10.2307/2392088 Combs, 1999, Can capital scarcity help agency theory explain franchising? Revisiting the capital scarcity hypothesis, Academy of Management Journal, 42, 196, 10.2307/257092 Covin, 1989, Strategic management of small firms in hostile and benign environments, Strategic Management Journal, 10, 75, 10.1002/smj.4250100107 Day, 2004, Driving through the fog: managing at the edge, Long Range Planning, 37, 127, 10.1016/j.lrp.2004.01.004 Demsetz, 1985, The structure of corporate ownership, Journal of Political Economy, 93, 1155, 10.1086/261354 Dess, 1984, Dimensions of organizational task environments, Administrative Science Quarterly, 29, 52, 10.2307/2393080 Dimov, 2007, From opportunity insight to opportunity intention: the importance of person-situation learning match, Entrepreneurship Theory and Practice, 31, 561, 10.1111/j.1540-6520.2007.00188.x Dimov, 2010, A property rights perspective on venture capital investment decisions, Journal of Management Studies, 47, 1248 Dooley, 1999, Attaining decision quality and commitment from dissent: the moderating effects of loyalty and competence in strategic decision-making teams, Academy of Management Journal, 42, 389, 10.2307/257010 Eckel, 1985, Elements of a theory of mixed enterprise, Scottish Journal of Political Economy, 32, 82, 10.1111/j.1467-9485.1985.tb00789.x Eisenhardt, 1989, Agency theory: an assessment and review, Academy of Management Review, 14, 57, 10.5465/amr.1989.4279003 Eisenhardt, 1990, Organizational growth: linking founding team, strategy, environment, and growth among U.S. semiconductor ventures, 1978–1988, Administrative Science Quarterly, 35, 504, 10.2307/2393315 Finkelstein, 1992, Power in top management teams: dimensions, measurement, and validation, Academy of Management Journal, 35, 505, 10.2307/256485 Floyd, 2000, Strategizing throughout the organization: managing role conflict in strategic renewal, Academy of Management Review, 25, 154, 10.5465/amr.2000.2791608 Forbes, 2007, Reconsidering the strategic implications of decision comprehensiveness, Academy of Management Review, 32, 361, 10.5465/AMR.2007.24349585 Fornell, 1981, Evaluating structural equation models with unobservable variables and measurement error, Journal of Marketing Research, 18, 39, 10.2307/3151312 Fredrickson, 1984, The comprehensiveness of strategic decision processes: extension, observations, future directions, Academy of Management Journal, 27, 445, 10.2307/256039 Fredrickson, 1984, Strategic decision processes: comprehensiveness and performance in an industry with an unstable environment, Academy of Management Journal, 27, 399, 10.2307/255932 Gedajlovic, 2004, Crossing the threshold from founder management to professional management: a governance perspective, Journal of Management Studies, 41, 899, 10.1111/j.1467-6486.2004.00459.x Gibson, 2004, The antecedents, consequences, and mediating role of organizational ambidexterity, Academy of Management Journal, 47, 209, 10.2307/20159573 Gilbert, 2005, Unbundling the structure of inertia: resource versus routine rigidity, Academy of Management Journal, 48, 741, 10.5465/AMJ.2005.18803920 Gompers, 1999, An analysis of compensation in the U.S. venture capital partnership', Journal of Financial Economics, 51, 3, 10.1016/S0304-405X(98)00042-7 Gupta, 2006, The interplay between exploration and exploitation, Academy of Management Journal, 49, 693, 10.5465/AMJ.2006.22083026 Guthrie, 2005, Organizational learning and productivity: state structure and foreign investment in the rise of the Chinese corporation, Management and Organization Review, 1, 165, 10.1111/j.1740-8784.2005.00008.x Hambrick, 1984, Upper echelons: the organization as a reflection of its top managers, Academy of Management Review, 9, 193, 10.5465/amr.1984.4277628 He, 2004, Exploration vs. exploitation: an empirical test of the ambidexterity hypothesis, Organization Science, 15, 481, 10.1287/orsc.1040.0078 Hitt, 2001, Strategic entrepreneurship: entrepreneurial strategies for wealth creation, Strategic Management Journal, 22, 479, 10.1002/smj.196 Hough, 2003, Environmental dynamism and strategic decision-making rationality: an examination at the decision level, Strategic Management Journal, 24, 481, 10.1002/smj.303 Hussain, 2006, SME financing in the UK and in China: a comparative perspective, Journal of Small Business and Enterprise Development, 13, 584, 10.1108/14626000610705769 Janis, 1982 Jansen, 2006, Exploratory innovation, exploitative innovation, and performance: effects of organizational antecedents and environmental moderators, Management Science, 52, 1661, 10.1287/mnsc.1060.0576 Jensen, 1976, Theory of the firm: managerial behavior, agency costs and ownership structure, Journal of Financial Economics, 3, 305, 10.1016/0304-405X(76)90026-X Jones, 1999, Share issue privatizations as financial means to political and economic ends, Journal of Financial Economics, 53, 217, 10.1016/S0304-405X(99)00021-5 Judge, 1991, Antecedents and outcomes of decision speed in different environmental contexts, Academy of Management Journal, 34, 449, 10.2307/256451 Kanuk, 1975, Mail surveys and response rates: a literature review, Journal of Marketing Research, 22, 440, 10.2307/3151093 Kirzner, 1973 Kleinbaum, 1988 Levinthal, 1993, The myopia of learning, Strategic Management Journal, 14, 95, 10.1002/smj.4250141009 Li, 1998, Success in China's industrial market: an institutional and environmental approach, Journal of International Marketing, 6, 56, 10.1177/1069031X9800600107 Li, 2001, Product innovation strategy and the performance of new technology ventures in China, Academy of Management Journal, 44, 1123, 10.2307/3069392 Lu, 2005, The impact of government capital on private equity system, Finance and Economics (in Chinese), 10, 16 Lubatkin, 2006, Ambidexterity and performance in small- to medium-sized firms: the pivotal role of TMT behavioral integration, Journal of Management, 32, 1, 10.1177/0149206306290712 Lumpkin, 1996, Clarifying the entrepreneurial orientation construct and linking it to performance, Academy of Management Review, 21, 135, 10.5465/amr.1996.9602161568 Ma, 2006, Business group affiliation and firm performance in a transition economy: a focus on ownership voids, Asia Pacific Journal of Management, 23, 467, 10.1007/s10490-006-9011-6 March, 1991, Exploration and exploitation in organizational learning, Organization Science, 2, 71, 10.1287/orsc.2.1.71 Mathieu, 2006, Clarifying conditions and decision points for meditational type inferences in organizational behavior, Journal of Organizational Behavior, 27, 1031, 10.1002/job.406 McGrath, 1997, A real options logic for initiating technology positioning investments, Academy of Management Review, 22, 974, 10.5465/amr.1997.9711022113 Miles, 1978 Miller, 2005, Management insights from great and struggling family businesses, Long Range Planning, 38, 517, 10.1016/j.lrp.2005.09.001 Miller, 2008, Stewardship versus stagnation: an empirical comparison of small family and non-family businesses, Journal of Management Studies, 45, 51 Mintzberg, 1985, Strategy formation in an adhocracy, Administrative Science Quarterly, 30, 160, 10.2307/2393104 Morck, 1988, Management ownership and market evaluation: an empirical analysis, Journal of Financial Economics, 20, 293, 10.1016/0304-405X(88)90048-7 Morck, 1990, Do managerial objectives drive bad acquisitions?, The Journal of Finance, 45, 31, 10.1111/j.1540-6261.1990.tb05079.x Morck, 2000, Inherited wealth, corporate control, and economic growth: the Canadian disease, 319 Nolan, 2001 O'Reilly, 2007, Ambidexterity as a dynamic capability: resolving the innovator's dilemma, Research in Organizational Behavior, 28, 1 Peng, 2000 Peng, 1996, The growth of the firm in planned economies in transition: institutions, organizations, and strategic choice, Academy of Management Review, 21, 492, 10.5465/amr.1996.9605060220 Peng, 2000, Managerial ties and firm performance in a transition economy: the nature of a micro-macro link, Academy of Management Journal, 43, 486, 10.2307/1556406 Peng, 2005, How network strategies and institutional transitions evolve in Asia, Asia Pacific Journal of Management, 22, 321, 10.1007/s10490-005-4113-0 Peng, 2004, Ownership types and strategic groups in an emerging economy, Journal of Management Studies, 41, 1105, 10.1111/j.1467-6486.2004.00468.x Penrose, 1959 Perez-Gonzalez, 2006, Inherited control and firm performance, The American Economic Review, 96, 1559, 10.1257/aer.96.5.1559 Podsakoff, 2003, Common method biases in behavioral research: a critical review of the literature and recommended remedies, Journal of Applies Psychology, 88, 879, 10.1037/0021-9010.88.5.879 Raisch, 2008, Organizational ambidexterity: antecedents, outcomes, and moderators, Journal of Management, 34, 375, 10.1177/0149206308316058 Rothaermel, 2009, Ambidexterity in technology sourcing: the moderating role of absorptive capacity, Organization Science, 20, 759, 10.1287/orsc.1080.0404 Rothaermel, 2004, Exploration and exploitation alliances in biotechnology: a system of new product development, Strategic Management Journal, 25, 201, 10.1002/smj.376 Ruef, 2003, The structure of founding teams: homophily, strong ties and isolation among U.S. entrepreneurs, American Sociological Review, 68, 195, 10.2307/1519766 Sarason, 2006, Entrepreneurship as the nexus of individual and opportunity: a structuration view, Journal of Business Venturing, 21, 286, 10.1016/j.jbusvent.2005.02.007 Schulz, 2001, The uncertain relevance of newness: organizational learning and knowledge flows, Academy of Management Journal, 44, 661, 10.2307/3069409 Shane, 2000, The promise of entrepreneurship as a field of research, Academy of Management Review, 25, 217 Simon, 1945 Simon, 2009 Simons, 1999, Making use of difference: diversity, debate, and decision comprehensiveness in top management teams, Academy of Management Journal, 42, 662, 10.2307/256987 Simsek, 2009, A typology of aligning organizational ambidexterity's conceptualizations, antecedents, and outcomes, Journal of Management Studies, 46, 864, 10.1111/j.1467-6486.2009.00841.x Sirmon, 2003, Managing resources: linking unique resource management and wealth creation in family firms, Entrepreneurship Theory and Practice, 24, 339, 10.1111/1540-8520.t01-1-00013 Slater, 2006, The moderating influence of strategic orientation on the strategy formation capability-performance relationship, Strategic Management Journal, 27, 1121, 10.1002/smj.569 Smith, 2005, Managing strategic paradox: a model of top management teams managing exploration and exploitation simultaneously, Organization Science, 16, 522, 10.1287/orsc.1050.0134 Stevenson, 1990, A paradigm of entrepreneurship: entrepreneurial management, Strategic Management Journal, 11, 17 Tan, 2002, Impact of ownership type on environment-strategy linkage and performance: evidence from a transitional economy, Journal of Management Studies, 39, 333, 10.1111/1467-6486.00295 Tan, 1994, Environment strategy relationship and its performance implications: an empirical study of the Chinese electronics industry, Strategic Management Journal, 15, 1, 10.1002/smj.4250150102 Tushman, 1986, Convergence and upheaval: managing the unsteady pace of organizational evolution, California Management Review, 29, 29, 10.2307/41165225 Wright, 2000, Entrepreneurial growth through privatization: the upside of management buyouts, Academy of Management Review, 25, 591, 10.5465/amr.2000.3363522 Yiu, 2005, Understanding business group performance in an emerging economy: acquiring resources and capabilities in order to prosper, Journal of Management Studies, 42, 183, 10.1111/j.1467-6486.2005.00493.x Zahra, 1993, A conceptual model of entrepreneurship as firm behaviour: a critique and extension, Entrepreneurship Theory and Practice, 16, 5, 10.1177/104225879301700401 Zahra, 1996, Governance, ownership, and corporate entrepreneurship: the moderating impact of industry technological opportunities, Academy of Management Journal, 39, 1713, 10.2307/257076 Zahra, 2000, Privatization and entrepreneurial transformation: emerging issues and a future research agenda, Academy of Management Review, 25, 509, 10.2307/259307 Zahra, 2002, Competitive analysis and new venture performance: understanding the impact of strategic uncertainty and venture origin, Entrepreneurship Theory and Practice, 27, 1, 10.1111/1540-8520.t01-2-00001 Zhang, 2009, Intercommunity relationships and community growth in China's high technology industries 1988–2000, Strategic Management Journal, 30, 163, 10.1002/smj.727 Zhao, 2003, Positioning and strategies of governmental investment in the private sector, Finance and Trade Economics (in Chinese), 7, 22