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

Xiaofeng Liu ()
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Xiaofeng Liu: Guizhou University of Finance and Economics, School of Business Administration

A chapter in Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023), 2024, pp 344-353 from Springer

Abstract: 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.

Keywords: institutional change; Enterprise performance; Strategic alignment (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-368-9_40

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DOI: 10.2991/978-94-6463-368-9_40

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