| Enterprise performance has always been a core topic for the theoretical, business and social research, a number of studies have proved that the regional factor is very important for the firm performance, but the effect of different regional factors on the enterprise performance and its mechanism are still lack of studies. Therefore, the research question is that if the regional factors can affect enterprise performance and to the extent of the regional factors can explain enterprise performance changes. This paper try to build a model to analyze the effect of the different regional factors on the enterprise performance, and the research based on more than60000enterprises samples to exam the effect and its mechanism of region factors on enterprise performance.This paper proposes to research assumptions, and uses three performance indicators, return on sale (ROS), return on assets (ROA), and the rate of return on investment (ROE) to study the effect of regional factors on the enterprise performance. Meanwhile, it selects two innovative indicators, the sale of enterprise’s new products, the percentage of new product sales (the sales of new products/total sales), to test the effect of regional factors on enterprise innovation performance.First, it makes the following conclusions about the relationship between the regional factors and enterprise performance.(1) The regional resources have a significant effect on the ROA and ROE. The talent environment, technology environment has a significant negative effect on the ROA, the regional environment and capital environment has a significant positive effect on the ROA, talent environment has a significant negative effect on the ROE, the capital environment has a significant positive impact on the ROE, but the regional environment has not significantly effect on the ROE.(2) The regional system environment and the region opening level has a significantly positive impact on the ROA, regional and cultural environment has no significant effect on the ROA. Regional opening level has a significantly positive impact on the ROE, regional cultural environment and system environment have no significant effect on the ROE.(3) The regional brand has significant influence on the ROA and ROE.(4) The regional industrial concentration has significantly positive effect on the ROA and ROE. Regional demand has no significant impact on the ROA and ROE.Second, it makes the following conclusions about the relationship between the regional factors and the enterprise innovation performance:(1) The capital competition, the system competition, the culture competition, the industry agglomeration, and the R&D input ratio has no significantly effect on the enterprise innovation performance.(2) With the same R&D input, the talent competition, the competitiveness of science and technology, the regional competitiveness, business brand, brand origin, demand better regional companies will have higher innovation performance; regional infrastructure environment, regional system environment will affect the regional innovation efficiency.The following are the contribution and Innovation of this paper:(1) By using the previous research method, it discusses the effect of regional factors on entrepreneurial performance and innovation performance basing on60000enterprises’data from2001-2007and2003-2007.(2) It exams the effect of the regional resources, regional soft environment, regional brand, industrial cluster on the entrepreneurial performance and innovation performance, therefore, we provide a reliable analysis results.(3) It uses the variance component analysis method and the HLM models to explore the effect of regional variables on the enterprise variables.(4) This research will be helpful for the government, enterprises and other social sectors to fully understand the effect of regional factors on enterprise performance and its mechanism. From the enterprise and government levels, it provides the realistic and reliable strategy to improve the enterprise’s performance. |
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