【摘要】 现有研究主要从团队构成和合作过程两个视角来解释创业团队对新企业绩效的影响.论文从创业团队治理这个新的视角研究新企业中的上述问题,通过大样本实证研究表明:1)新企业创业团队既需要正式契约、股权安排等正式治理机制,也需要团队建设性争论等非正式治理机制;2)签订正式契约对创业团队绩效的影响具有企业阶段特性,它在企业创立2年之后有显著的正向影响作用,但在创立不超过2年时期,影响较弱;3)绝对控股权安排对创业团队绩效的影响也具有企业阶段特性,在企业创立不超过2年时期,存在显著正向影响,但在创立超过2年之后,影响变为不显著;4)创业团队遵循团队建设性争论能显著提高创业团队绩效.更多还原

【Abstract】 Existing literatureson entrepreneurship mainly study entrepreneurial team’s composition,the cooperation process of team members and their impact on the performance. However,high uncertainties in new venture teams’ cooperation make the governance of entrepreneurial teams extraordinarily important. This paper studies entrepreneurial team from the new perspective of governance. It proposed a theoretical framework of formal and informal governance mechanisms in the entrepreneurial team. Based on the survey data,it empirically studies the relationship between governance mechanisms and team performance,First,it proves the framework of formal and informal governance mechanisms. Second,the impact of the formal contract is found to vary in different firm stages; During the first two years,the formal contract has a weak effect on entrepreneurial team performance,while after two years its effect become significant. Third,the existing of majority ownership / absolute controlling stake in the entrepreneurial team can significantly improve team performance in the first two years,while its effect becomes insignificant after the two years. Fourth,constructive controversy in entrepreneurial team can also improve team performance. Finally,these conclusions are analyzed and the implications are discussed.更多还原