Incentive Mechanisms, Entrepreneurial Orientation, and Technology Commercialization : Evidence from China's Transitional Economy

Building on the institutional theory, this paper develops a conceptual model of the relationships among CEO incentive mechanisms, firm entrepreneurial orientation, technological turbulence and technology commercialization. We subsequently test empirically this model using a sample of 607 Chinese firms. The empirical results show that, under China's transitional economy, the CEO ownership has a significant positive effect on entrepreneurial orientation, and CEO turnover frequency has an inverted-U curvilinear impact on entrepreneurial orientation. Furthermore, entrepreneurial orientation positively affects technology commercialization while technological uncertainty moderates this relationship in a positive fashion. We discuss the contribution, managerial implications and future research extensions