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市场环境的复杂性和动荡性增加了企业集团拓宽产业结构的经营风险,很多企业集团逐步减缓多元化战略的实施步伐,在动态竞争背景下塑造并提升成员企业的竞争能力成为集团获得长足发展的基本源泉。集团公司业务属性决定了资源禀赋的不同,对子公司的资源支持和管控模式也会存在差异,继而对子公司动态竞争能力的塑造和培育产生影响。基于动态竞争理论和成长理论,以2008年至2013年中国集团属性的上市子公司为研究样本,从集团公司业务属性差异化视角对子公司动态竞争能力培育机制及效应进行实证检验;通过spss 17.0进行主成分分析和因子分析,构建子公司动态竞争能力和成长性的评价体系;基于2 032个有效研究样本组成观测数据,采用stata 10.0进行多元回归分析,检验集团公司业务属性与子公司动态竞争能力的关联性;构建外部经营环境与子公司动态竞争能力交互项,进行层次回归分析,考察外部经营环境在子公司动态竞争能力与成长性关系中的调节作用。研究结果表明,生产经营型集团公司比纯资本运营型集团公司更有利于提升子公司动态竞争能力;子公司动态竞争能力对成长性有正向影响;基于外部经营环境的不同,子公司动态竞争能力对成长性的正向影响存在差异,外部经营环境越差,动态竞争能力对子公司成长性的积极效应越强,随着外部经营环境的完善,动态竞争能力对子公司成长性的积极作用逐渐削弱。研究结果丰富了子公司动态竞争能力的内涵,集团公司业务属性与子公司动态竞争能力关系的验证表明了集团框架内资源协同和组织学习对子公司能力提升的重要性。同时,对子公司动态竞争能力价值创造效应及外部经营环境调节作用的探索,可以为集团公司基于外部经营环境的差异化权变选择对子公司的治理模式和治理手段提供参考。
The complexity and turbulence of the market environment have increased the business risks of enterprise groups in broadening the industrial structure. Many enterprise groups gradually slow down the implementation of diversified strategies and shape and enhance the competitiveness of their member enterprises under the background of dynamic competition. Basic source. Group business attributes determine the different endowments of resources, there will be differences in the subsidiary’s resource support and management and control modes, and then affect the shaping and cultivation of the dynamic competitiveness of subsidiaries. Based on the dynamic competition theory and growth theory, taking the listed subsidiaries with Chinese group properties from 2008 to 2013 as the research samples, this paper empirically tests the mechanism and effect of dynamic competition ability cultivation of subsidiaries based on the difference of business attributes of the group companies. Through the spss 17.0 Based on the compositional observation data of 2 032 valid research samples, stata 10.0 was used for multiple regression analysis to test the dynamic relationship between the group’s business attributes and subsidiaries’ dynamic competition Ability to build the relationship between external business environment and dynamic competitiveness of subsidiaries, level regression analysis to examine the regulatory role of the external business environment in the relationship between dynamic competitiveness and growth of subsidiaries. The results show that the production and operation group companies are more conducive to enhance the dynamic competitiveness of subsidiaries than the purely capital-operated group companies. The dynamic competitiveness of subsidiaries has a positive effect on the growth. Based on the difference of the external business environment, the dynamic competition among the subsidiaries The positive effect of capacity on growth is different. The worse the external business environment, the stronger the positive effect of dynamic competitive ability on the growth of subsidiaries. With the improvement of external business environment, the positive effect of dynamic competitive ability on the growth of subsidiaries Gradually weakened. The results enrich the connotation of the dynamic competitiveness of the subsidiaries, and the verification of the relationship between the business attributes of the group companies and the dynamic competitiveness of the subsidiaries shows the importance of resource synergy and organizational learning within the group to enhance the capacity of the subsidiaries. At the same time, the research on the value creation effect of the dynamic competitiveness of subsidiaries and the regulatory role of the external business environment can provide a reference for the corporate governance model and governance measures of the subsidiaries based on the differentiated change of the external business environment.