An Empirical Study Of Corporate Entrepreneurship And Firm Performance In Transition Economy, And The Moderation Effect Of Environmental Uncertainty

During transition economic period, dynamic and complex environment lead to more and more enterprises take positive corporate entrepreneurship, the dimensions of corporate entrepreneurship and the influence on firm performance has become the focus of entrepreneurship's researches. From corporate entrepreneurship to firm performance, intermediate process is influenced by other variables, including environmental uncertainty is an important moderating variable. According to the investigation in 2008 Chinese enterprises, this paper investigates the effectiveness of Zahra's scale (1996) on corporate entrepreneurship in China's transition economy. Factor analysis results showed that the scale has very good reliability and construct validity, and regression analysis showed that all dimensions of corporate entrepreneurship have a positive effect on firm performance. At the same time, environmental uncertainty has a significant and positive moderation effect on innovation, strategic renewal and firm performance, but the moderation effect of venturing and firm performance is marginal significantly. The result is well supported the essay hypothesis.First of all, the related literature of the corporate entrepreneurship, environmental uncertainty and firm performance are reviewed. On this basis summarize the dimension of corporate entrepreneurship in this paper and the evaluation indicators of environmental uncertainty and firm performance, then clearly the logical relationship between these elements. Secondly, on the basis on the literature summary, this paper wants to build the relationship model between corporate entrepreneurship, environmental uncertainty and firm performance, and propose assumptions. Finally, based on the 269 valid questionnaires, this paper will test the relationship of corporate entrepreneurship, environmental uncertainty and firm performance, then discuss the test results, further clarify Significance of this study in the theory and practice.