The role of managers' political networking and functional experience in new venture performance: Evidence from China's transition economy
基于资源基础观和交易成本经济学，研究中国高科技新创企业中管理者的政治网络和职能经验如何影响企业绩效，并发现所有制类型和竞争环境会调节职能经验的作用。
Abstract Drawing upon the resource‐based view and transaction cost economics, this study aims to examine how various types of managerial resources (i.e., political networking and functional experience) can be beneficial to new ventures in a transition economy. Using survey data from a sample of new ventures in China's high‐technology industries, we demonstrate that managers' political networking and functional experience are positively related to new venture performance. We also find that the positive relationship between functional experience and new venture performance is moderated by the type of ownership of the ventures and the level of dysfunctional competition in their environments. Theoretical and managerial implications are discussed. Copyright © 2007 John Wiley & Sons, Ltd.