Government Structure, Political Connection, and Enterprise Resource Acquisition of Multidimensional Environmental Impact: An Empirical Study Based on the Structural Equation Model.

Abstract

Preferential access to scarce resources can bring competitive advantages and better performance to enterprises. However, the existing literature has a relatively single research path on the influencing factors of enterprise resource access, which has lack of sufficient research from the perspective of multidimensional environment. In particular, as an important factor affecting enterprises' access to external resources, few studies have given empirical results on the impact of political factors such as government structure on enterprise resource access. Preferential access to scarce resources can bring competitive advantages and better performance to enterprises. However, the existing literature has a relatively single research path on the influencing factors of enterprise resource access, which lacks sufficient research from the perspective of multidimensional environment. In particular, as an important factor affecting enterprises' access to external resources, few studies have given empirical results on the impact of political factors such as government structure on enterprise resource access. Through the discussion of multidimensional environmental factors, this paper can provide theoretical reference for the reform of government institutions and the establishment of good political relations between enterprises and the government. Focusing on the multidimensional environment of government structure, political relations, and enterprise resource acquisition, this paper takes 129 enterprises in Central China as samples and uses the structural equation model to empirically verify the relationship between the formalization of government structure, liaison mechanism, decentralization, and enterprise resource acquisition, especially the easing effect of political relations. The results show that the formalization of government structure is promoting enterprises to obtain policy resources and financial resources; the liaison mechanism helps enterprises to obtain financial resources and market resources; decentralization has a significant positive impact on enterprises' access to policy resources and market resources; and political connection magnifies the positive effect of government structure on enterprise resource acquisition, but there are differences in different dimensions.