企业资源使用能力与IPO绩效的关系——基于所有权结构的调节作用

摘要

利用2009-2015年中国创业板上市企业的相关数据,采用OLS法,对企业资源利用能力与IPO绩效的关系以及所有权结构对上述关系的调节作用进行了回归分析.结果显示:企业的外部资源探索能力与IPO绩效部分正相关,内部资源利用能力与IPO绩效正相关;所有权结构负向调节内部资源利用能力与IPO绩效的正相关关系.%Using the data of China's GEM enterprises from 2009 to 2015,this paper analyzes the relationship between enterprise's ability of resource utilization and IPO performance and the moderating effect of ownership structure on the above relationship by OLS.The result shows as follows:enterprise's ability of external resource exploration is partially positively related to IPO performance;the ability of internal resource exploitation is positively related to IPO performance;ownership structure negatively moderates the positive correlation between the ability of internal resource exploitation and IPO performance.