Research On The Relationship Between Corporate Network,Strategic Synergy And Corporate Performance

With the development of economic globalization and the improvement of capital market,enterprises realize that only cooperation can achieve win-win results.Therefore,enterprises attach importance to the development of external cooperative relations,pursue enterprise clusters,supply chain cooperation and other faction network organizations,sharing network information resources.Most of the existing literature studies the relationship between network individuals and corporate performance,but there are few studies on the relationship between network factions and corporate performance.In particular,there is a lack of research mechanism on the relationship between strategic synergy and corporate network and corporate performance.Then,in the faction network,will enterprises cooperate to share resources,reduce operating costs and risks,and improve corporate performance?Or in the enterprise cluster,companies interact with each other at the strategic level to achieve the overall multiplier effect?To solve this problem,it is necessary to have an in-depth discussion.This article is based on the corporate network to the corporate network,strategic synergy and corporate performance of carding and analysis on the related literature theory,with the csi 300 index companies of related party transactions occurred in 2016-2018 as the research object,using the empirical research method,inspection company network relationship with corporate performance,and strategic synergy effect on the regulation of the relationship.The results show that:(1)Because the company is located in the industry and business different,the formation of different network factions;The degree of centrality of corporate network characteristic variables and the difference of structure hole are small,which means that the importance of controlling resources and core location is similar among network companies.Great difference in the degree of intermediary center and network proximity means that the media location and distance between companies are of great difference.The difference of strategic coordination is large,but the difference of corporate performance is small.(2)Degree centrality and intermediary centrality have significant positive influence on corporate performance.Network proximity and structure hole have significant negative influence on corporate performance.Strategic synergy has a significant positive effect on corporate performance.Strategic synergy plays a positive regulating role in the intermediary degree and corporate performance,and a negative regulating role in the relationship between network proximity and corporate performance.Strategic synergy does not play a regulating role in the influence mechanism of degree centrality and corporate performance,structure hole and corporate performance.This article from the perspective of the corporate network and strategic synergy level,research and analysis the relationship between the corporate network and performance of the company,as well as the strategy of adjustment,both for the enterprise concept of guidance and change the way of behavior to provide direction,but also for listed companies,small and medium-sized enterprises for joint strategic alliance,enterprises put forward feasible advice.Specific Suggestions are to improve the company's network position and seek for the discourse power of strategic management.Pay attention to the scale and quality of affiliated companies,optimize the governance mechanism of corporate management;Strengthen the supervision of related party transactions to protect the interests of small and medium-sized investors.