Incentive mechanisms, entrepreneurial orientation, and technology commercialization: Evidence from China's transitional economy

Journal of Product Innovation Management

Volumn 25, Issue 1, 2008, Pages 63-78

  Li, Yuan ^a   Guo, Hai ^a   Liu, Yi ^a   Li, Mingfang ^a,b,c  

^a XI'AN JIAOTONG UNIVERSITY   (China)

^b CALIFORNIA STATE UNIVERSITY   (United States)

^c HOHAI UNIVERSITY   (China)

Author keywords

[No Author keywords available]

Indexed keywords

ENTREPRENEURIAL ORIENTATION; INCENTIVE MECHANISMS;

ECONOMIC ANALYSIS; PRODUCT DEVELOPMENT; SOCIETIES AND INSTITUTIONS; TURBULENCE; UNCERTAINTY ANALYSIS;

INDUSTRIAL ECONOMICS;

EID: 36749084645     PISSN: 07376782     EISSN: 15405885     Source Type: Journal    
DOI: 10.1111/j.1540-5885.2007.00283.x     Document Type: Conference Paper

References (79)

1. Allen, M.P., Panian, S.K. Lotz, R.R. (1979). Managerial Succession and Organizational Performance: A Recalcitrant Problem Revisited. Administrative Science Quarterly 24 (2) : 167 180.
2. Aoki, M. (1984). The Cooperative Game Theory of the Firm. Oxford : Oxford University Press.
3. Atuahene-Gima, K. Ko, A. (2001). An Empirical Investigation of the Effect of Market Orientation and Entrepreneurship Orientation Alignment on Product Innovation. Organization Science 12 (1) : 54 73.
4. Atuahene-Gima, K. Li, H. (2006). The Effects of Formal Controls on Supervisee Trust in the Manager in New Product Selling: Evidence from Young and Inexperienced Salespeople in China. Journal of Product Innovation Management 23 : 342 358.
5. Bagozzi, R.P. (1980). Causal Models in Marketing. New York : John Wiley & Sons.
6. Barkema, H.G. Gomez-Mejia, L.R. (1998). Managerial Compensation and Firm Performance: A General Research Framework. Academy of Management Journal 41 (2) : 135 145.
7. Brown, T.E., Davidsson, P. Wiklund, J. (2001). An Operationalization of Stevenson's Conceptualization of Entrepreneurship as Opportunity-Based Firm Behavior. Strategic Management Journal 22 (10) : 953 968.
8. Bruton, G.D. Ahlstrom, D. (2003). An Institutional View of China's Venture Capital Industry: Explaining the Differences between China and the West. Journal of Business Venturing 18 (2) : 233 259.
9. Calantone, R., Garcia, R. Droge, C. (2003). The Effects of Environmental Turbulence on New Product Development Strategy Planning. Journal of Product Innovation Management 20 (2) : 90 103.
10. Chandler, A.D. (1991). The Functions of the HQ Unit in the Multi-Business Firm. Strategic Management Journal 12 : 31 50 (Winter).
11. Chandler, G.N. Hanks, S.H. (1994). Founder Competence, the Environment, and Venture Performance. Entrepreneurship Theory and Practice 18 : 77 89 (Spring).
12. Chen, C.C., Greene, P.G. Crick, A. (1998). Does Entrepreneurial Self-Efficacy Distinguish Entrepreneurs from Managers? Journal of Business Venturing 13 : 295 316.
13. Christensen, C.M. (1997). The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. Boston : Harvard Business School Press.
14. Churchill, G.A. (1979). A Paradigm for Developing Better Measures of Marketing Constructs. Journal of Marketing Research 16 (1) : 64 74.
15. Coles, J.W., McWilliams, V.B. Sen, N. (2001). An Examination of the Relationship of Governance Mechanisms to Performance. Journal of Management 27 (1) : 23 50.
16. Cronbach, L.J. Warrington, W.G. (1951). Time-Limit Tests: Estimating Their Reliability and Degree of Speeding. Psychometrika 16 (2) : 167 188.
17. Davis, J.H., Schoorman, F.D. Donaldson, L. (1997). Toward a Stewardship Theory of Management. Academy Management Review 22 (1) : 20 47.
18. Dess, G.G., Ireland, R.D., Zahra, S.A., Floyd, S.W., Janney, J.J. Lane, P.J. (2003). Emerging Issues in Corporate Entrepreneurship. Journal of Management 29 (3) : 351 378.
19. Di Benedetto, C.A., Calantone, R.J. Zhang, C. (2003). International Technology Transfer: Model and Exploratory Study in the People's Republic of China. International Marketing Review 20 (4) : 446 462.
20. Di Benedetto, C.A. Song, M. (2003). The Relationship between Strategic Type and Firm Capabilities in Chinese Firms. International Marketing Review 20 (5) : 514 533.
21. DiMaggio, P. Powell, W. (1983). The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields. American Sociological Review 48 (2) : 147 160.
22. DiMaggio, P. Powell, W. (1991). Introduction. In : The New Institutionalism in Organizational Analysis, ed. W. Powell P. DiMaggio. Chicago, 1 38.
23. Donaldson, L. Davis, J. (1991). Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns. Australian Journal of Management 16 (1) : 49 64.
24. Eisenhardt, K. (1988). Agency and Institutional Explanations of Compensation in Retail Sales. Academy of Management Journal 31 (3) : 488 511.
25. Esley, D.T. Longenecker, C.O. (2006). Gateways to Intrapreneurship. Industrial Marketing Management 48 (1) : 18 24.
26. Fornell, C. Larcker, D. (1981). Structural Equation Models with Unobservable Variables and Measurement Error: Algebra and Statistics. Journal of Marketing Research 18 (3) : 382 389.
27. Grewal, R. Tansuhaj, P. (2001). Building Organizational Capabilities for Managing Economic Crisis: the Role of Market Orientation and Strategic Flexibility. Journal of Marketing 65 (2) : 67 80.
28. Grusky, O. (1963). Managerial Turnover and Organizational Effectiveness. American Journal of Sociology 69 (1) : 21 31.
29. Hambrick, D.C. Fukutomi, D.S. (1991). The Seasons of a CEO's Tenure. Academy of Management Review 16 (1) : 719 742.
30. Hatcher, L. (1994). A Step-by-Step Approach to Using the SAS System for Factor Analysis and Structural Equation Modeling. Cary, NC : SAS Institute Inc.
31. Hitt, M.A., Hosskisson, R.E., Johnson, R.A. Moesel, D.D. (1996). The Market for Corporate Control and Firm Innovation. Academy of Management Journal 39 (5) : 1084 1119.
32. Hoskisson, R.E., Eden, L., Lau, C.M. Wright, M. (2000). Strategy in Emerging Economies. Academy of Management Journal 43 (3) : 249 267.
33. Huefner, J.C. Hunt, H.K. (1994). Broadening the Concept of Entrepreneurship: Comparing Business and Consumer Entrepreneurs. Entrepreneurship: Theory & Practice 18 (3) : 61 75.
34. Ireland, R.D., Kuratko, D.F. Covin, J.G. (2003). Antecedents, Elements, and Consequences of Corporate Entrepreneurship Strategy. In : Academy of Management Best Papers Proceedings, ed. D.H. Nagao. Seattle, WA.
35. Jensen, M.C. Meckling, W.H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics 3 (4) : 305 360.
36. Jensen, M.C. Murphy, K.J. (1990). CEO Incentives: It's Not How Much You Pay, but How. Harvard Business Review 68 (3) : 138 153.
37. Joshua, S.G. Scott, S. (2003). The Product Market and the Market for "Ideas": Commercialization Strategies for Technology Entrepreneurs. Research Policy 32 : 333 350.
38. Judge, W.Q., Naoumovab, I. Koutzevolc, N. (2003). Corporate Governance and Firm Performance in Russia: An Empirical Study. Journal of World Business 38 (4) : 385 396.
39. Kesner, I.F. Sebora, T.C. (1994). Executive Succession: Past, Present and Future. Journal of Management 20 (2) : 327 372.
40. Lambert, D.M. Harrington, T.C. (1990). Measuring Nonresponse Bias in Customer Service Mail Surveys. Journal of Business Logistics 11 (2) : 44 59.
41. Lehrer, M. Asakawa, K. (2004). Rethinking the Public Sector: Idiosyncrasies of Biotechnology Commercialization as Motors of National R&D Reform in Germany and Japan. Research Policy 33 (6-7) : 921 938.
42. Li, X.C. (2004). Historical Geography of Chinese District. Beijing : Peking University Press.
43. Li, Y., Li, L., Liu, Y. Wang, L. (2005). Linking Management Control System with Product Development and Process Decisions to Cope with Environment Complexity. International Journal of Production Research 43 (12) : 2577 2591.
44. Li, Y., Liu, Y. Zhao, Y. (2006). The Role of Market and Entrepreneurship Orientation and Internal Control in the New Product Development Activities of Chinese Firms. Industrial Marketing Management 35 (3) : 336 347.
45. Li, Y., Sun, Y. Liu, Y. (2006). An Empirical Study of SOEs' Market Orientation in Transitional China. Asia Pacific Journal of Management 23 (1) : 93 113.
46. Lumpkin, G.T. Dess, G. (1996). Clarifying the Entrepreneurial orientation Construct and Linking It to Performance. Academy of Management Review 21 (1) : 135 172.
47. Miller, D. (1983). The Correlates of Entrepreneurship in Three Types of Firms. Management Science 29 (7) : 770 791.
48. Miller, D. (1991). Stale in the Saddle: CEO Turnover Frequency and the Match between Organization and Environment. Management Science 37 (1) : 34 52.
49. Miller, D. (1993). Some Organizational Consequences of CEO Succession. Academy of Management Journal 36 : 644 659.
50. Moore, G. (2002). Crossing the Chasm. New York : Harper Business.
51. National Statistics Bureau of China (2003). China Statistical Yearbook. Beijing : China Statistics Press.
52. North, D. (1990). Institutions, Institutional Change, and Economic Performance. Cambridge, MA : Harvard University Press.
53. Nunnally, J.C. (1978). Psychometric Theory, 2d ed. New York : McGraw-Hill.
54. Oliver, C. (1991). Strategic Responses to Institutional Processes. Academy of Management Review 16 (1) : 145 179.
55. Parry, E.M. Song, X.M. (1994). Identifying New Product Successes in China. Journal of Product Innovation Management 11 (1) : 15 30.
56. Peng, M.W. (2002). Toward an Institution-Based View of Business Strategy. Asia Pacific Journal of Management 19 (2) : 251 267.
57. Peng, M.W. (2003). Institutional Transitions and Strategic Choices. Academy of Management Review 28 (2) : 275 296.
58. Peng, M.W. Luo, Y. (2000). Managerial Ties and Firm Performance in a Transition Economy: The Nature of a Micro-Macro Link. Academy of Management Journal 43 (3) : 486 501.
59. Pfeffer, J. Salancik, G.R. (1978). The External Control of Organizations. New York : Harper & Row.
60. Podsakoff, P.M. Organ, D.W. (1986). Self-Reports in Organizational Research: Problems and Prospects. Journal of Management 12 (4) : 531 544.
61. Russell, R.D. Russell, C.J. (1992). An Examination of the Effects of Organizational Norms, Organizational Structure, and Environmental Uncertainty on Entrepreneurial Strategy. Journal of Management 18 (4) : 639 656.
62. Scott, S. Venkataraman, S. (2003). Guest Editors' Introduction to the Special Issue on Technology Entrepreneurship. Research Policy 32 (2) : 181 184.
63. Scott, W.R. (1995). Institutions and Organizations. Thousand Oaks, CA : Sage Publications.
64. Slater, S. Mohr, J. (2006). Successful Development and Commercialization of Technological Innovation: Insights Based on Strategy Type. Journal of Product Innovation Management 23 (1) : 26 33.
65. Song, X.M., Di Benedetto, C.A. Song, L.Z. (2000). Pioneering Advantages in New Service Development: A Multi-country Study of Managerial Perceptions. Journal of Product Innovation Management 17 (5) : 378 392.
66. Song, M., Droge, C., Hanvanich, S. Calantone, R. (2005). Marketing and Technology Resource Complementarity: An Analysis of Their Interaction Effect in Two Environmental Contexts. Strategic Management Journal 26 (3) : 259 276.
67. Song, X. Michael Parry, E. Mark (1994). The Dimensions of Industrial New Product Success and Failure in State Enterprises in the People's Republic of China. Journal of Product Innovation Management 11 (2) : 105 118.
68. Stevens, G., Burley, J. Divine, R. (1999). Creativity+Business Discipline=Higher Profits Faster from New Product Development. Journal of Product Innovation Management 16 (5) : 455 468.
69. Tan, J. Peng, M.W. (2003). Organizational Slack and Firm Performance during Economic Transitions: Two Studies from an Emerging Economy. Strategic Management Journal 24 (13) : 1249 1263.
70. Tuschke, A. Sanders, W.G. (2003). Antecedents and Consequences of Corporate Governance Reform: The Case of Germany. Strategic Management Journal 24 (13) : 631 649.
71. Wei, Y. (2003). An Overview of Corporate Governance in China. Syracuse Journal of International Law and Commerce 30 (1) : 23 48.
72. Wiklund, J. Shepherd, D. (2003). Knowledge-Based Resources, Entrepreneurial Orientation, and the Performance of Small and Medium-Sized Businesses. Strategic Management Journal 24 : 1307 1314.
73. Wiklund, J. Shepherd, D. (2005). Entrepreneurial Orientation and Small Business Performance: A Configurational Approach. Journal of Business Venturing 20 (1) : 71 91.
74. Xie, J., Song, M. Stringfellow, A. (2003). Antecedents and Consequences of Goal Incongruity on New Product Development in Five Countries: A Marketing View. Journal of Product Innovation Management 20 : 233 250.
75. Yeoh, P.L. Roth, K. (1999). An Empirical Analysis of Sustained Advantage in the U.S. Pharmaceutical Industry: Impact of Firm Resources and Capabilities. Strategic Management Journal 20 (7) : 637 653.
76. Zahra, S.A. (1996). Governance, Ownership, and Corporate Entrepreneurship: The Moderating Impact of Industry Technological Opportunities. Academy of Management Journal 39 (6) : 1713 1735.
77. Zahra, S.A., Neubaum, D.O. Huse, M. (2000). Entrepreneurship in Medium-Size Companies: Exploring the Effects of Ownership and Governance Systems. Journal of Management 26 (5) : 947 976.
78. Zahra, S.A. Nielsen, A.P. (2002). Sources of Capabilities, Integration, and Technology Commercialization. Strategic Management Journal 23 (5) : 377 398.
79. Zhang, Y. (2006). The Presence of a Separate COO/President and Its Impact on Strategic Change and CEO Dismissal. Strategic Management Journal 27 : 283 300.