Moderating Effects of Environmental Factors on the Relation between Strategic Action and Firm Performance

• Main Authors: Chih-Wen Shih, 施智文
• Other Authors: Yi-Ju Lo
• Format: Others
• Language: en_US
• Online Access: http://ndltd.ncl.edu.tw/handle/52146210169858883193

碩士 === 元智大學 === 經營管理碩士班(企業管理與服務科學學程) === 103 === Based on the theory of industrial organization, this study explores how the environmental uncertainties affect the relation between a firm’s strategic action and performance. Using the context of Taiwan venture capital industry, this study adopts an analysis of case study and finds that when the uncertainties are high, the strategic action of a venture capital firm would be conservative in order to mitigate the potential investment risks. However, the firm could employ its capabilities and increase the percentage of syndication in its portfolio to reach higher rate of successful investment and then to enhance its profitability.