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Corporate organizational capital, strategic proactiveness and firm performance: An empirical research on Chinese firms

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Abstract

Organizational capital is an institutional arrangement in a firm’s production and management activities, which helps integrate all resources in the firm and affect the firm’s strategic choice and performance. This paper classifies organizational capital into three subtypes, namely power orientated capital, norm orientated capital and knowledge orientated capital. Moreover, strategic proactiveness is also brought into this influencing process. Results show that strategic proactiveness fully mediates the effect of power orientated capital on firm performance, but partially mediates that of norm orientated capital. It is also found that neither power nor norm orientated capital affects innovative performance, whereas knowledge orientated capital affects directly both financial performance and innovative performance. The significance of this research is to provide a meaningful supplement to the theory of decision-making-process for the top management team. Suggestions on how to cultivate organizational capital are provided for Chinese enterprises.

摘要

组织资本是企业生产经营和맜理活动中的一种制度安排, 这种制度安排能够整合企业内外的所有资源, 从而影响企业战略选择与绩效。 首先把组织资本划分为权力资本、规则资本与知识맜理资本三种形式, 并把战略前瞻性引入了该影响过程发现权力资本完全通过战略前瞻性的中介作用而对企业经营绩效产生影响, 规则资本部分通过战略前瞻性的中介作用而对经营绩效产生影响, 但以上两者都没有对创新绩效产生影响。 而知识资本直接对经营绩效与创新绩效都产生了影响。 分析结果对于企业高层맜理团队的决策过程理论进行了补充, 并对中国企业的组织资本建设提供了指南。

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Correspondence to Haijian Liu.

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Translated and revised from Guanli shijie 管理世界 (Management World), 2007, (5): 83–93

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Keywords

  • organizational capital
  • strategic proactiveness
  • innovative performance

关键词

  • 组织资本
  • 战略前瞻性
  • 创新绩效