TRANSFORMATIONAL LEADERSHIP, COLLECTIVE EFFICACY, AND NETWORK RELATIONSHIPS AS DRIVERS OF BUSINESS PERFORMANCE IN CONSTRUCTION ENGINEERING VENTURES IN YUNNAN PROVINCE, CHINA
Article Sidebar
Main Article Content
บทคัดย่อ
This study examines how transformational leadership (TL) relates to the business performance (BP) of newly established construction engineering ventures in Yunnan Province, China. Quantitative survey data from 522 managers were analyzed using partial least squares structural equation modeling (PLS-SEM). Results indicated that TL was positively and directly associated with BP (β = 0.358, p < 0.001). Collective efficacy (CE) and network relationships (NR) partially mediated this relationship, with significant indirect effects of 0.045 and 0.040 respectively. Absorptive capacity (AC) emerged as a negative moderator of the TL–CE and TL–NR paths (β = −0.115 and −0.108, p < 0.01), revealing a substitution effect whereby high organizational learning capacity attenuates the marginal influence of transformational leadership on both collective confidence and inter-organizational ties. The findings extend leadership theory by delineating the boundary conditions of TL effectiveness and offer evidence-based recommendations for construction firms navigating rapid digital and policy transformation in regional Chinese markets.
Article Details
เอกสารอ้างอิง
Al-Mansour, B. (2024). Strategic alignment and business performance: A multi-dimensional framework for engineering sectors. International Journal of Production Economics, 268, 109–122.
Al-Zahrani, A. (2022). Transformational leadership and firm performance in the construction industry: The mediating role of innovation. Journal of Construction Engineering and Management, 148(4), 04022015.
Bandura, A. (1997). Self-efficacy: The exercise of control. New York: W. H. Freeman & Company.
Bass, B. M. (1985). Leadership and performance beyond expectations. New York: The Free Press.
Bass, B. M., & Avolio, B. J. (2000). Multifactor Leadership Questionnaire. 3rd ed. Mind Garden.
Bass, B. M., & Riggio, R. E. (2006). Transformational leadership. 2nd ed. Lawrence Erlbaum Associates.
Chrisman, J. J., Bauerschmidt, A., & Hofer, C. W. (1998). The determinants of new venture performance: An extended model. Entrepreneurship Theory and Practice, 23(1), 5–29.
Cohen, W. M., & Levinthal, D. A. (1990). Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128–152.
Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research, 18(1), 39–50.
Hansen, M. T., Nohria, N., & Tierney, T. (2005). What's your strategy for managing knowledge?. Harvard Business Review, 77(2), 106–116.
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report results of PLS-SEM. European Business Review, 31(1), 2–24.
Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the Academy of Marketing Science, 43(1), 115–135.
Jansen, J. J. P., Van Den Bosch, F. A. J., & Volberda, H. W. (2005). Managing potential and realized absorptive capacity: How do organizational antecedents matter?. Academy of Management Journal, 48(6), 999–1015.
Jex, S. M., & Bliese, P. D. (1999). Efficacy beliefs as a moderator of the impact of work-related stressors. Journal of Applied Psychology, 84(3), 349–361.
Kaplan, R. S., & Norton, D. P. (2021). The Balanced Scorecard: Leading the digital transformation. Boston: Harvard Business Review Press.
Khan, H., Murtaza, G., & Khursheed, A. (2023). Impact of transformational leadership on project performance: The mediating role of team resilience. International Journal of Managing Projects in Business, 16(1), 120–145.
Kim, J., & Park, H. (2023). Absorptive capacity and firm performance: The moderating role of environmental dynamism. Technovation, 122, 102–115.
Müller, E., Raisch, S., & Schlegelmilch, B. B. (2021). Absorptive capacity and innovation capacity: A multidimensional study of their impact on business performance. Journal of Business Research, 130, 465–475.
Nahapiet, J., & Ghoshal, S. (1998). Social capital, intellectual capital, and the organizational advantage. Academy of Management Review, 23(2), 242–266.
Nguyen, T., Pham, L., & Tran, D. (2023). Psychological drivers of firm performance: A study of collective efficacy in emerging markets. Management Decision, 61(4), 980–998.
Wang, J., & Liu, S. (2024). Survival analysis of engineering SMEs in Yunnan: Resource acquisition and policy impacts. China Management Review, 19(1), 88–105.
Zahra, S. A., & George, G. (2002). Absorptive capacity: A review, reconceptualization, and extension. Academy of Management Review, 27(2), 185–203.
Zhang, L., & Smith, T. (2024). The substitution effect of absorptive capacity on leadership effectiveness. Strategic Management Journal, 45(4), 1020–1044.
Zhang, X., & Wei, Y. (2024). Legitimacy building through social networks: A study of private engineering firms in Southwest China. Asia Pacific Journal of Management, 41(3), 745–768.
Zhao, Y., & Wang, L. (2025). Strategic intent and organizational resilience: The mediating role of collective efficacy. Strategic Management Journal, 46(2), 231–255.
Zheng, Y., Li, Z., & Chen, H. (2022). Social capital and new venture performance: A meta-analysis. Journal of Business Venturing, 37(2), 106180.
