Business Environment and Asset-Light Strategy: Based on the Contextual Analysis of Equity Incentive and Nature of Property Rights

Abstract

According to the resource dependence theory, the survival and development of enterprises are closely related to the external environment. As one of the important external environments faced by enterprises, business environment exerts widespread effects on corporate behaviors, and it also affects the asset-light strategy mode theoretically. As a new commercial operation mode, asset-light strategy is gradually favored by academic community and practice field, but the driving force behind it has not been examined empirically for a long time. The improvement of business environment can provide a good market, legal and financial environment for asset-light strategy, which reduces the cost of maintaining external relations. Meanwhile, it also decreases the risk and cost of RD meanwhile, it also provides certain inspiration value for commercial mode choice.