摘要

  In order to examine the effect of "black box" between the transformational leadership and firm performance,this study indicates the impact of the transformational leadership on firm performances at the firm level.It is also the first one offering a theoretical model which introduces the strategic flexibility as an important dynamic capability into this intermediate constructs.Then,based on the context of transition economy in China,we examine environmental dynamism as a moderator in this relationship and empirically test the above questions.We have conducted questionnaire surveys on 328 companies' top managers mainly located in Beijing,Shanghai,Guangdong etc.and finally received 210 valid samples.The results show that,transformational leaderships have positive effects on firm performance and strategic flexibility plays a fully mediated role between them; Environmental dynamism moderates the relationship between transformational leadership and strategic flexibility,and it also has moderated effects in the relationship between strategic flexibility and firm performance.These conclusions indicate that transformational leadership and strategic flexibility have been proposed to deal with the dynamism and achieve high firm performance,which provides constructive guidance in the development of enterprises in the China's transitional economy.

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