Abstract Using Balanced Panel Data of 465 China’s manufacturing industry listed companies from 2008 to 2012, we find that the suitable level of strategic change is different between the growth stage, the mature stage and the decline stage. The results show that strategic change has a significant positive impact on corporation performance at the growth stage, and it has an inverted U-shape relationship with corporation performance at the mature stage. However, we don’t find the strategic change has a significant impact on corporation performance at the decline stage. In contrast, we can see the required level of strategic change is higher at growth stage than mature stage. Furthermore, we also find that the industry monopoly power can weaken the relationship between strategic change and corporation performance.
DIAO Li-Xiang,ZHANG Wen-Yuan. Monopoly Power, Strategic Change and Corporation Performance——Empirical Study Based on Enterprise Life-cycle. Economic Survey, 2015, 32(2): 075.
2015, Vol. 32 
