企業家個性特徵及其對績效的影響 -- 基於企業集團管控程度的研究

Abstract

Firm groups become more and more firm’s objectives and pursuits under the tradeoff of market transaction costs and internal agency and production costs while firm grow up and become bigger. What come together with the developing and bigger firm group is the more and more complex firm organization and operation. Management & control become the priority for firm group, in which entrepreneurs play a very important role. However, existing literature about entrepreneurs and management & control haven’t given an anser about what role entrepreneurs play in group control and firm performance, and how to play the role better. Considering that, this paper construct the big-five entrepreneur personality model on the basisi of previour studies, explores the entrepreneurial personality’s influence on group control and firm performance, and explores the role of group strategic positioning and environmental dynamics in this process. By using the method of normative analysis and empirical research, this paper draws the following conclusions:

(1) Entrepreneur’s personality can be divided into five dimensions: extroversion, neuroticism, Openness to experience, agreeableness and conscientiousness. Extroversion refers to the number and density of entrepreneurs' interpersonal interaction. Neuroticism refers to entrepreneur's ability of emotional adjustment and emotional stability. Openness to experience refers to the cognitive style of the entrepreneur. Agreeableness is entrepreneur’s attitude to others. Conscientiousness refers to entrepreneur’s attitude to themselves, the continuous pursuit of the goal and the effort that is willing to pay for it. 

(2) Entrepreneur’s personality has a significant influence on the selection of the management and control of the group. Entrepreneurs with different personality will choose different style of control. Extroversion, openness to experience, agreeableness and conscientiousness make entrepreneurs give higher autonomy to their subsidiaries, while neurotic entrepreneurs prefer centralization style. Among them, extroversion has the greatest impact on the degree of control of the group, the second is conscientiousness, and the neuroticism is the least.
(3) Entrepreneur's personality affects the performance directly and indirectly through the degree of group management and control. The entrepreneur personality has a significant impact on the subsidiary performance and the overall group performance. Among them, extraversion, openness, agreeableness and conscientiousness have a positive impact on subsidiaries' performance and group performance, while neuroticism has negative effects on subsidiary performance and group performance. The degree of group management and control positively affects the performance, the higher the autonomy of the subsidiaries, the higher the performance. And the impact of entrepreneur personality on group performance is smaller than its impact on subsidiaries' performance.
(4) The strategic positioning plays a modetrating role on the relationship betreewn entrepreneur’s personality and group management and control. Under the strategic position of different groups, there is a significant difference in the influence of entrepreneur personality on group management and control. The five dimensions of entrepreneurial personality have greater impact on group management and control. in the related diversified groups than those in the unrelated diversified group.
(5) Environmental dynamics palys a different role on the relationship between group management and control and the subsidiary performance of the subsidiary and the relationship between the group management and control and the group performance. It plays a negative moderating role on the relationship between group management and control and the subsidiary performance, while the role of environmental dynamism is not significant on the relationship between the group management and control and the group performance.

Date of Award	1 Aug 2018
Original language	Chinese (Traditional)
Awarding Institution	City University of Hong Kong
Supervisor	Chenting SU (Supervisor) & Mingjie Rui (External Supervisor)