愈多資源愈有利成長？環境不確定性的調節效果

Are More Resources Better for Growth? The Moderating Effect of Environmental Uncertainty

曾真真(Jen-Jen Tseng)

《輔仁管理評論》 16卷2期 (2009/05) Pp. 77-98

https://doi.org/10.29698/FJMR.200905.0004

摘要

依據資源基礎觀點，企業成長被視爲所擁有之資源與環境彼此交互作用下所產生的結果，惟過去文獻往往忽略環境動態對資源累積的影響，因此本研究乃將焦點置於環境不確定性對企業資源與成長關係之影響。本研究從台灣上市（櫃）的電子資訊業中，按選樣標準篩選出660家以製造爲主的公司作爲樣本，採OLS迴歸檢驗環境不確定性與資源對企業成長的調節效果，研究結果發現無形資源與企業成長呈正向關係；此外，環境不確定性對有形資源－企業成長間呈負向調節效果；而對無形資源與企業成長間存在正向的調節效果。

關鍵字

企業成長 ； 資源累積 ； 不確定性 ； 剩餘資源

並列摘要

According to resource-based view, firm growth can be regarded as a dynamic process of management interacting with resources and environment. However, prior literature does not typically analyze the influence of a firm's accumulated resources on its growth in the dynamic environment. Therefore, this paper will explore the relationship between firm resources and firm growth, and the interactive effect of environmental uncertainty will be considered. This paper adopts a firm-level data for 660 publicly traded electronics firms, and uses OLS regression model to examine the interactive effect of environmental uncertainty and firms' resources on their growth. The results of this paper show that there is a positive relationship between intangible resources and firms' growth. In addition, this paper also found that environmental uncertainty will negative moderate the relationship between physical resources and firms' growth, and positive moderate the relationship between intangible resources and firms' growth.

並列關鍵字

firm growth ； resources accumulation ； environmental uncertainty ； slack resources

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