Research On The Influence Of Entrepreneurial Social Capital On Enterprise Performance

Along with the acceleration of economic globalization,the competition between enterprises have intensified,and the external environment of an enterprise is increasingly complex,in a turbulent environment,how to keep the competitive advantage in an invincible position,it is a key force for enterprises to possess superior resources.How to maintain the stability of strategic resources allocation,keep a moderate level of strategic inertia,and transform the external superior resources into the internal competitiveness of enterprises,in order to deal with the uncertainty of the environment,it has become the current hot topic in theoretical innovation and management practice research.Although the existing research holds that entrepreneurial social capital is a key strategic resource for the survival and development of enterprises,and it plays an important role in improving the enterprise performance,but it does not carry on the thorough research on the function path of the entrepreneurial social capital affecting enterprise performance,especially lacks the discussion of the strategic resource allocation,and the empirical research is relatively scarce.In this context,this study focuses on "the relationship between entrepreneur's social capital and enterprise performance",trying to explore the relationship between them.Specifically,based on a large number of literature reviews,this paper puts forward the following three research questions: firstly,whether entrepreneurial social capital will directly affect enterprise performance? Secondly,whether strategic inertia have a positive influence to the enterprise performance? Thirdly,whether the function mechanism of entrepreneurial social capital affecting the enterprise performance will be influenced by the meditative role of strategic inertia?In order to solve the above three main research problems,the paper puts forward the scientific research hypothesis and constructs the theoretical model on the basis of theoretical analysis.Then,using the stata13.0 to analyze and dispose the collected data of3180 samples,the hypothesis and the theoretical concept model are tested by regression equation,and finally the following conclusions are confirmed:(1)The entrepreneurial social capital is conducive to improving enterpriseperformance.Entrepreneurs can get diverse information and resources from outside through social networks,and transform them into the competitive advantages of enterprises,in order to inject vitality into the operation of the enterprise,and enhance enterprise value.(2)Strategic inertia is an important factor to improve the enterprise performance.Enterprises are stable in the allocation of strategic resources.The existing resource allocation model will not deviate excessively from previous successful experience.Such stability will provide guidance of “past experience” for the selection and implementation of strategic decision-making,which reducing the collection cost of enterprise information.(3)The strategic inertia plays an meditative role between the entrepreneurial social capital and the enterprise performance.The network of external social relations built by entrepreneurs can bring high quality scarce resources and broaden the channels for information acquisition,thus laying the foundation of resource allocation,then,by rationally distributing the existing resources and maintaining the advantageous resource allocation status,enterprises will cultivate moderate strategic inertia level,maintain competitive advantage and further improve the performance of enterprises.Overall,the innovation of this paper is as follows:(1)Constructing a system model of entrepreneurial social capital affecting enterprise performance,which enriches the route of function between them.Through the model integration,this paper probes into the function mechanism between variables,and explains the relationship between entrepreneurial social capital and enterprise performance.(2)From the perspective of external relationship network,it provides a new idea for the source of organizational strategic inertia.This paper begins with the network of interpersonal relationships established by entrepreneurs,probes into social capital as an external sources of strategic inertia,makes up for the inadequacies of existing research that only regards the internal characteristics of organizations as the strategic inertial pre-influencing factors,and enriches the empirical research of inertial sources.(3)Taking the strategic inertia as the breakthrough point,this paper explores the impact ways of entrepreneurial social capital in affecting enterprise performance.The introduction of strategic inertia as an mediator variable reveals the internal mechanism ofentrepreneurial social capital's influence on enterprise performance,and makes up for the blank in existing theories.