多元化战略、母子公司管控与企业绩效

摘要

Diversification can help enterprises to achieve synergies so as to enhance business performance. But existing empirical research mostly get the opposite result. The interaction effects among corporate diversification and the parent-subsidiary control (including the control level and control the way) is tested through data obtained by questionnaires to 87 Corporations which belong some groups. The study found that: the implementation of the diversification strategy of the company to take formal control to their subsidiary will reduce the overall corporate performance; However, the interactive effect of the degree of parental control and diversification is not significant.%多元化经营能帮助企业实现协同效应，进而提升企业绩效，但已有的实证研究大多得到与此相反的结果。通过问卷调查获取87家集团公司下属子公司的经营数据，检验企业多元化与母子公司管控（包括管控程度和管控方式）对企业绩效的交互效应。研究发现：实施多元化战略的公司对子公司采取正式管控会降低企业整体绩效；但母子公司管控程度与多元化经营的交互效应不显著。