Corporate Entrepreneurship as Resource Capital Configuration in Emerging Market Firms
提出公司创业在新兴市场企业中起到配置和转化政治资本、社会资本等非市场资本的作用，通过产品创新、组织创新和新创事业等活动提升企业竞争力，并用中国企业的调查数据验证了这一中介模型。
Network–based resource capital such as political capital, social capital, and reputational capital are critical in providing firms with special access to various resources and legitimacy in emerging markets. However, how these generic nonmarket forms of capital are transformed into value–adding, industry–specific, and firm–specific uses, which subsequently enhance firm competitiveness, remained unanswered. Adopting a dynamic capability approach, this paper posits that corporate entrepreneurship performs a unique role of resource capital configuration and transformation in emerging market firms by continuously renewing firm competences so that congruence with the changing environment can be achieved. Building on this conceptualization, we argue that the positive effects of network–based resource capital on firm performance are channeled through the resource configuration process given by various corporate entrepreneurial activities such as product and organizational innovations as well as new venturing. Empirical evidence of the proposed mediation model is obtained from a survey of established firms in China.