Abstract: In recent years, entrepreneurial capability (EC) has been the focus in entrepreneurship and at the same time, some scholars explored to related issues about dynamic capability（DC） in entrepreneurship. Based on the construct of EC and DC, this paper studied the relationships among EC, DC and competitive advantage (CA) and the influence of control time of the firm owner on their relationships. Drawing on 191 samples, conclusions are drawn as follows: EC and DC are positively related to CA of new ventures without moderation and when there is the moderator, samples are divided into two groups according to the median of control time: 6-years and 6+years. For the firms with 6-years, only EC is positively related to CA, DC is not obvious to CA. For 6+years, only DC is positively related to CA and EC shows no significant relation to the CA. Finally limitations and future directions are offered.

Key words: entrepreneurial capability, dynamic capability, competitive advantage, moderator

摘要： 近年来，创业能力逐渐成为创业研究的焦点之一，同时，学者们也开始探索创业领域动态能力的相关问题。依据对191份有效问卷，探究了创业能力和动态能力与竞争优势之间的关系以及创业者创业年限对他们之间关系的作用机理。得出如下结论：在没有调节因素时，创业能力和动态能力均与新创企业竞争优势呈现正相关关系；在加创业者拥有企业年限这一调节变量时，样本被分为“6年以下”和“6年以上”两组，对于6年以下的企业，只有创业能力与新创企业竞争优势呈现正相关关系，而动态能力对企业竞争优势作用不明显；对于6年以上的企业，只有动态能力对提升企业竞争优势起到了主要作用，而创业能力对企业竞争优势的作用不明显。最后对文章局限性和将来可能的研究方向做了探讨。

关键词: 创业能力, 动态能力, 竞争优势, 调节变量