譯文（字數 3028）：

歷史上,自治一直被視為寬泛而膚淺的治理機構。本文提出兩種類型的公司內部自治(ICVs)，即企業規劃自治和結構自治。還將分析兩種自治對企業內部風險管控的影響。關于自治及內部風險管控的關系，除了企業投資數億美元外，歷史上相關學術研究甚少。在這項研究中,我從美國中西部十多家公司收集了38 份不同發展階段中的企業和公司層級的ICVs原始數據。從數據分析中發現創業初期公司規劃自治與風險管控之間存在負相關關系。然而,對于結構自治,關系更為復雜,企業發展的不同階段對應的關系也會有所不同?，F有公司如何成功的開創新業務?關于這個問題的答案眾說紛紜,也成為了學術爭論的焦點.就總公司而言,自治的問題應擺在公司首位。本項研究提供了關于自治對企業創業的積極作用的實證，也是迄今為止的主流概念。公司自治理念并非在公司產生之初就確立了，而是經過了一段漫長的歷史時期。伴隨著私法自治原則在公司法中的貫徹，我們可以將公司自治的發展歷程劃分為三個階段：前公司時期、特許設立時期和準則主義時期

外文原文（字符數 9943）：

外文出處：Journal of Small Bussiness Management

Historically, autonomy has been treated as a broad one-dimensional construct. This paper proposes that there are two major types of autonomy for internal corporate ventures (ICVs)—planning autonomy and structural autonomy—and examines their respective impact on performance. Little prior knowledge exists regarding the autonomy–performance relationship for ICVs despite the billions of dollars of corporate investment in ICVs. In this study, I collect primary data on 38 ICVs at different stages of development from both venture-level and corporate-level managers from over a dozen companies in the U.S. Midwest. I find that a negative relationship exists for planning autonomy regardless of venture stage. However, for venture structural autonomy, a more complex relationship was discovered, which ranged from positive to negative to curvilinear based on the venture’s stage of development.