New Business Formation and Incumbents’ Perception of Competitive Pressure

Changoluisa, Javier; Fritsch, Michael

doi:10.1007/s11151-019-09699-1

Cited by 6 publications

(3 citation statements)

References 60 publications

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“…In order to further verify the fitting degree between the conceptual model and the actual data, the structural equation model was used to verify the hypothesis test.According to the fitting results of the initial model, the covariance relationship between the increased residuals for the parameter paths with MI>3.84 was analyzed using the residuals output from the structural equation model [32], and the model was revised and determined for the initial model.After correction, the structural equation model shown in Fig. 1 is formed.Fitting was performed by importing data, and the results are shown in Table 7.The fitting results showed that the value of 2 was 3380.516 (df=1378), and the value of 2/df was 2.453, which was less than 3; RMSEA=.067, less than 0.08; The values of NFI, TLI, CFI, and IFI were .916, .921, .901, and .902, respectively, all higher than 0.9, indicating that the model had a good fitting effect.There were a total of 18 paths between variables.…”

Section: Hypotheses Testingmentioning

confidence: 99%

Influencing Factors and Mechanism of Coal Enterprise Merger and Acquisition from the Perspective of Dynamic Capability

Zhou¹,

Zhou²

2021

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Merger and acquisition (M&A) is an important way for coal enterprises to acquire key competitive resources and core competencies and achieve rapid growth. In the existing research, more emphasis is placed on integration policies, methods and performance evaluation, lack of theoretical analysis and empirical testing on the key decision-making factors and driving mechanism of coal enterprises' M&A. In this paper, a conceptual model of influencing factors and action mechanism of coal enterprise M&A is constructed, and the relationship between influencing factors, ability construction and enterprise performance of coal enterprise M&A is discussed from the perspective of dynamic ability. Based on 323 sample data of coal enterprises in key coal-producing areas in China, the research hypothesis is empirically tested by hierarchical regression and structural equation model. The research reveals that government regulation, industry competition, entrepreneurial orientation and organizational alertness have significant positive effects on coal enterprise M&A. Government regulation and industry competition have a positive impact on environmental perception and resource reconfiguration, but an insignificantly positive impact on resource integration, which also verifies the negative effect between government regulation and industry competition.

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Section: Hypotheses Testingmentioning

confidence: 99%

Influencing Factors and Mechanism of Coal Enterprise Merger and Acquisition from the Perspective of Dynamic Capability

Zhou¹,

Zhou²

2021

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“…Although there is a certain consensus regarding the role of entrepreneurship in economic growth (Audretsch 2007;Audretsch, Keilbach, and Lehmann 2006;Baumol, Litan, and Schramm 2007;Changoluisa and Fritsch 2019;Fritsch and Changoluisa 2017;Kirzner 1973;Schumpeter 1934), there is no consensus on the exact meaning of entrepreneurship and the definition of entrepreneurs (Parker 2004). According to Peneder (2009), it is possible to define and identify entrepreneurs according to their function, behavior and occupational status.…”

Section: Dependent Variablementioning

confidence: 99%

Formal Institutions and Informal Entrepreneurial Activity: Panel Data Evidence from Latin American Countries

Salinas

Ortíz

Muffatto

et al. 2020

Entrepreneurship Research Journal

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The objective of this work is to examine the influence of formal institutions on the level of informal entrepreneurial activity in Latin American countries. We use a panel dataset for 18 countries during the 2004–2017 periods. This dataset has not been widely used for longitudinal research by academics in the field of entrepreneurship in developing countries. Using the percentage of the adult population identified as self-employed as a proxy for informal entrepreneurial activity, our results suggest that informal entrepreneurial activity is lower in Latin American countries that have stronger property rights and lighter business regulation. However, countries with more flexible labor regulation show higher informal entrepreneurial activity. Therefore, we believe there is margin for policy intervention to reduce informal entrepreneurial activities in Latin America.

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“…In the light of this view, competition will be perceived by managers, and the managers' cognitions of competitive environment can measure the degree of competition. According to the industrial organization view, some firms with similar characteristics can be clustered in smaller groups, and there are closer links between such firms in the same group (Zucchini et al, 2019;Changoluisa and Fritsch, 2020). On one hand, the complexity of internal and external environment forces managers to pay more attention to some firms with similar business or product, and then construct a portfolio of competitors (Medhi and Allamraju, 2022).…”

Section: Introductionmentioning

confidence: 99%

Linking What I Say and What I Do: Evidence From Perceived Competition Networks

et al. 2022

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The enterprise network is of great significance in explaining the risk-taking of individual firm. However, some unobservable networks hidden in different firms have long been neglected. Using the text data of the annual reports of China’s listed firms from 2007 to 2018, this paper adopts a textual analysis method to capture the managers’ perceptions of pressure, and build a special kind of hidden inter-firm networks, that is, the perceived competition networks of managers. In addition, this paper discusses the impact of network characteristics on corporate risk-taking behavior. Empirically, there is a positive association between competition strength and corporate risk-taking, as well as the density of perceived competition network. Furthermore, this paper explores the risk-taking behaviors of peer firms in focal firm’s perceived competition network, and finds that the improvement of peer firms’ risk-taking significantly increases the risk bearing level of focal firm, that is, the positive spillover effect of risk-taking behavior among firms in perceived competition networks. Moreover, managers’ personal traits significantly moderate the impact of network characteristics on corporate risk-taking, which is mainly reflected in younger and male managers. Our findings can enrich the literature on social interactions and corporate behaviors, and help firms to improve their understanding of perceptible peer firms.

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New Business Formation and Incumbents’ Perception of Competitive Pressure

Cited by 6 publications

References 60 publications

Influencing Factors and Mechanism of Coal Enterprise Merger and Acquisition from the Perspective of Dynamic Capability

Influencing Factors and Mechanism of Coal Enterprise Merger and Acquisition from the Perspective of Dynamic Capability

Formal Institutions and Informal Entrepreneurial Activity: Panel Data Evidence from Latin American Countries

Linking What I Say and What I Do: Evidence From Perceived Competition Networks

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