Use this URL to cite or link to this record in EThOS: https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.792225
Title: The effects of external and internal factors on firm performance of high-technology SMEs in China
Author: Cao, Yi
ISNI:       0000 0004 8497 8232
Awarding Body: Royal Holloway, University of London
Current Institution: Royal Holloway, University of London
Date of Award: 2014
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Abstract:
This thesis examines the effects of factors external and internal to the firm, on Chinese high-technology small- and medium-sized enterprises (SMEs) firm performance. Specifically, this study explicates how and in what manner managerial networking, returnee entrepreneur, market orientation, and entrepreneurial orientation exert influence on high-technology SMEs firm performance in China. Using concepts derived from previous literature, this study develops the hypotheses to test the applicability of some existing theories in the case of high-technology SMEs in China's emerging economy context. Based on questionnaire data, the analysis of 260 Chinese SMEs in high-technology industry suggests that managerial networks such as political networking and business networking are positively related to new product performance. This study further demonstrates that the link between managerial networks and new product performance is moderated by perceived industry growth. Specifically, the study finds that the positive relationship between political networking and high-technology SMEs new product performance is stronger when perceived industry growth is faster. Findings also show that the positive relationship between business networking and high-technology SMEs new product performance is weaker when perceived industry growth is faster. This study examines the determinants of internationalisation of high-technology SMEs and the performance implications of such behaviours in China. The expected relationship between the presence of returnee entrepreneur and export performance is not found. Rather, findings show that the presence of returnee entrepreneur has a stronger, positive relationship with high-technology SMEs export performance when technological turbulence is high than when it is low. The study also finds that the previous entrepreneurs' MNEs work experience, inward internationalisation orientation and international networks are positively associated with expert performance of hightechnology SMEs. Further, findings suggest that institutional support in China is more than background conditions, but is an active agent which is positively related to export performance. Although this study finds the presence of returnee entrepreneur is not related to hightechnology SMEs export performance, we cannot completely rule out its potential influence. This study finds that a returnee entrepreneur is positively associated with firm performance of high-technology SMEs. Further, our findings suggest that executives tend to boost firm performance by implementing market orientation and establishing political connections. In addition, the results show that political connection is a moderator affecting the effects of returnee entrepreneur and market orientation on firm performance. It moderates them in such a way that for managers with higher level of political connections there is an even stronger impact of returnee entrepreneur or market orientation on high-technology SMEs firm performance. This study explores the relationship between entrepreneurial orientation and firm performance of high-technology SMEs in China. Our findings confirm that entrepreneurial orientation is positively related to firm performance. Further, this study finds that ties with service intermediaries and institutional support are positively associated with firm performance of high-technology SMEs in China. In addition, our results show that ties with service intermediaries positively affect the performance implication of entrepreneurial orientation. We also find that the positive relationship between entrepreneurial orientation and high-technology SMEs firm performance will be weaker when the level of institutional support is higher.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID: uk.bl.ethos.792225  DOI: Not available
Keywords: SMEs
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