摘要
既有研究经常认为,组织冗余在企业面对困难情境时将发挥缓冲功能,但是组织冗余和困境均有着不同的类别。本文首先分析金融危机、绩效不佳这两种不同困境对组织冗余作用的影响。困境中的企业经常积极搜索外部机会以寻求扭转局面的途径,本文同时分析市场搜索所起的调节作用,并选择我国制造类上市公司2005-2010年的面板数据检验假设。研究发现,金融危机时期非沉淀冗余作用减少,而沉淀冗余的增加,绩效不佳时,非沉淀冗余作用增加;诸如投资之类的市场搜索行为对非沉淀冗余和沉淀冗余分别产生负向和正向的调节作用,而两种困境则同样会对这些调节作用产生影响。
Some scholars argue that, slack could act as buffers when firms dropped into troubles or met with environmental jolts that changed the levels of resource munificence in a short time. And it＇s worth asking whether their arguments were rooted in reality, because all of slack and troubles could be divided into several sorts. Some scholars also posited that, compared to the firms lacking resource, firms with sufficient resource could promote market searching activities, such as investment. In fact, market searching and troubles or jolts might happen simultaneously, and it was necessary to analyze and testify the effects of slack in contexts which were composed of these multiple components. This paper firstly analyzed the changes of slack＇s effects before and in financial crisis or in underperformance situation. Troubled firms usually searched for investment opportunities and approaches to get rid of troubles, and this paper then analyzed the influences of searching behaviors on slack＇s effects. Basing on panel data of listed companies in manufacturing industry between 2005 and 2010 and using global financial crisis of 2008 as a natural experimental context, we testified that unabsorbed slack played less positive effects in financial crisis and more in underperformance situation than in normal periods, but absorbed slack acted completely different in the former situation. Meanwhile, we confirmed that market searching behavior could moderate relationship between unabsorbed slack （or absorbed slack） and performance negatively （or positively）, and two troubles discussed in this paper could also affect moderating effects of searching behaviors on slack. Our work showed that different environmental changes might bring entirely different impacts on slack＇s effects even if all of these changes meant threat or negative for firms. In summary, this paper demonstrated that changing slack＇s forms might alter their inner effect mechanism completely, and it was necessary to incorporate contextual factors into the studies about slack. Furthermore, it seemed that disputing about the benefits or harms of this kind of resource made no sense because both of their utilities and costs might change with external contexts.
出处
《南开管理评论》
CSSCI
北大核心
2013年第3期140-148,160,共10页
Nankai Business Review
基金
国家自然科学基金项目(71102157
71272108)资助
关键词
非沉淀冗余
沉淀冗余
金融危机
绩效不佳
市场搜索
Unabsorbed Slack
Absorbed Slack
Financial Crisis
Underperformance
Market Search
