Institutional Change and Strategic Alignment: The Complete Mediating Effect of Firm Performance

DOI

10.2991/978-94-6463-368-9_40How to use a DOI?

Keywords

institutional change; Enterprise performance; Strategic alignment

Abstract

This paper selects all the “three public consumption” sensitive listed companies from 2010 to 2015, and theoretically and empirically studies the action path and mechanism of institutional change on strategic consistency. Based on the theory of strategic coherence, from the perspective of institutional change, this paper deeply analyzes the impact mechanism of corporate performance and strategic coherence, and collects 776 observations from 158 sample companies for empirical research. The results show that corporate performance positively affects strategic alignment, while institutional change negatively affects corporate strategic alignment through the complete intermediary effect of corporate performance.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xiaofeng Liu
PY  - 2024
DA  - 2024/02/14
TI  - Institutional Change and Strategic Alignment: The Complete Mediating Effect of Firm Performance
BT  - Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)
PB  - Atlantis Press
SP  - 344
EP  - 353
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-368-9_40
DO  - 10.2991/978-94-6463-368-9_40
ID  - Liu2024
ER  -