营销科学学报 ›› 2019, Vol. 15 ›› Issue (2): 33-53.

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 营销战略风格对企业绩效影响的调节作用研究:基于中国创业板上市公司的实证研究#br#

王锐 ,刘丽琼 ,冯羽   

  1. 王锐,北京大学光华管理学院市场营销系副教授,E-mail: rwang@gsm.pku.edu.cn。
    刘丽琼,约翰·霍普金斯医疗集团,E-mail: joanliu@jhmi.edu。
    冯羽,北京大学光华管理学院市场营销系博士生,E-mail: 1801110964@gsm.pku.edu.cn。
  • 出版日期:2019-06-30 发布日期:2020-09-12

Research on Moderation Effect of Marketing Strategy Style on Enterprise Performance: An Empirical Study Based on Listed Companies on GEM in China#br#

Wang Rui, Liu Liqiong, Feng Yu#br#   

  1. Wang Rui,Guanghua School of Management, Peking University;
    Liu Liqiong,Johns Hopkins Medicine International
     Feng Yu,Guanghua School of Management, Peking University;
  • Online:2019-06-30 Published:2020-09-12

摘要: 一直以来,营销战略风格的作用机制及其对企业的影响都是学者关心的研究问题。尤其“砸重金”这种激进型营销战略受到很多企业的喜爱和追捧,但近期有研究显示激进型营销战略风格对企业绩效呈现负作用。这就引出了本文的核心问题——激进的营销战略风格是否一直会给企业绩效造成负面影响?有没有哪些因素可以缓冲这种负面影响?基于资源基础理论和代理理论,本文以创业板上市公司为研究对象,实证研究结果显示:(1)过度激进的营销战略显著负向影响企业的绩效水平;(2)资源约束可以调节激进的营销战略风格对绩效的影响,资源控制起到微弱的部分调节作用。理论上,本文弥补了金融与营销交叉研究领域的研究缺口。实践上,本文证实了激进的营销战略风格对于创业板上市公司业绩的不利影响,启示业界加强管控营销资源的使用和监督。

关键词: 营销战略风格, 资源约束, 资源控制, 绩效

Abstract: The mechanism of marketing strategy style and its impact on enterprises are research issues received wide attention. In particular, the radical marketing strategy has been chosen by many companies, but recent studies have shown that radical marketing strategy has a negative effect on corporate performance. This leads to the core issue of this paper – does the radical marketing strategy always had a negative impact on corporate performance? Are there any factors that can alleviate this negative impact? Based on the resource-based theory and agency theory, this paper takes the GEM listed companies as the research objects. The empirical research shows that: (1) the radical marketing strategy significantly negatively affects the performance of enterprise; (2) the resource constraint can moderate the main effect and resource control play a weak adjustment role. In theory, this paper makes up for the research gap in the field of cross-research in finance and marketing. In practice, this paper confirms the adverse impact of radical marketing strategy style on the performance of listed companies on GEM, and inspires the industry to strengthen the control and supervision of marketing resources.

Key words:  , Marketing Strategy Style, Resource Constraint, Resource Control, Performance