Study On The Relationship Between Corporate Entrepreneurship And Corporate Performance Based On Structural Equation Model Theory

The corporate entrepreneurship is the source and driving force of the corporate sustainable development. Facing the rapid change and turbulent environment of 21st century, the corporate entrepreneurship, which is the effective way to keep the corporate competitive advantage and recreate vitality, has aroused more and more concerns in the academic world and the business world.This paper discusses the corporate entrepreneurship, organization learning, corporate performance, the environment uncertainty, and the relationship between them. The environment uncertainty and the organization learning was brought into the direct relationship between the corporate entrepreneurship and the corporate performance, Therefore, the conceptual model is formed. 112 companies in different trades, including manufacturing industry, service industry and information industry, are investigated, and the validity and reliability of the questionnaires are examined in SPSS15.0. The good validity and high reliability establishes a good foundation for the further data analysis of the structural equation model. The structural equation model about the corporate entrepreneurship, organization learning, corporate performance, the environment uncertainty in this study is verified in AMOS7.0, and the cross cultural research in the business growth and survival theories are discussed. Some significant conclusions are reached as follows: (1)The corporate entrepreneurship is the antecedent of the organization learning, and the organization learning is the antecedent of the corporate performance. The corporate entrepreneurship is positively related to the corporate performance mediated by organization learning, the effect path is"corporate entrepreneurship-organization learning-corporate performance", and the effect coefficient is 0.568. It means that when the company wants to promote performance with the help of corporate entrepreneurship, the organization learning is the one of the most effective ways. (2)The environment uncertainty is the driving forces of the corporate entrepreneurship and the organization learning. The environment uncertainty is positively related to the corporate performance mediated by organization learning, the effect path is"environment uncertainty-corporate entrepreneurship-organization learning", and the effect coefficient is 0.234. Facing the high levels of environment uncertainty, every company needs to depend on the corporate entrepreneurship and the organization learning to keep its competitive advantage and sustain healthy development. (3)The environment uncertainty is indirectly related to the corporate performance, and there are two effect pathes which are"environment uncertainty-corporate entrepreneurship-organization learning-corporate performance", and"environment uncertainty-organization learning-corporate performance", and the total effect coefficient is 0.490.The results of this study enrich and perfect the theories of corporate entrepreneurship, the organization learning and the corporate performance, which also has some realistic meanings for the action of corporate practice.