Contextual influences on the corporate entrepreneurship-performance relationship: A longitudinal analysis

创业 营销 竞争优势 价值(数学) 业务 产品(数学) 纵向数据 会计 实证研究 新企业 结构方程建模 经济 社会学 心理学 样品(材料) 财务 机器学习 几何学 色谱法 计算机科学 人口学 数学 化学
作者
Shaker A. Zahra,Jeffrey G. Covin
出处
期刊:Journal of Business Venturing [Elsevier BV]
卷期号:10 (1): 43-58 被引量:1797
标识
DOI:10.1016/0883-9026(94)00004-e
摘要

Abstract Over the past several years corporate entrepreneurship has been widely touted by executives and researchers alike as an effective means for revitalizing companies and improving their financial performance. For the most part, the call for greater entrepreneurial behavior on the part of established companies has been accepted on faith as an inherently desirable objective. The implicit logic behind the pervasive belief in the value of corporate entrepreneurship seems to be that risk taking, innovation, and aggressive competitive action—the key elements of entrepreneurial corporations—will help in identifying and pursuing lucrative product/market opportunities and in providing new bases for achieving superior competitive positions. But what do we really know about the financial consequences of corporate entrepreneurship? Most of the evidence that corporate entrepreneurship “pays off” is anecdotal in nature or based on cross-sectional studies that focus on the short-term implications of entrepreneurial behaviors. As such, in a definitive sense, we know very little about the financial consequences of corporate entrepreneurship. In an attempt to improve our understanding of this issue, this article describes a study of corporate entrepreneurship and its impact on company financial performance. Data were collected from three different samples over a seven-year period to assess the longitudinal impact of corporate entrepreneurship on firm performance. These samples consist of 24 medium-sized manufacturing firms representing 14 industry segments, 39 chemical companies, and 45 Fortune 500 industrial firms representing five industry segments. Data were gathered on each sample using both primary and secondary sources. Regression analysis was then used to analyze the data. The results suggest that corporate entrepreneurship has a positive impact on financial measures of company performance. This effect on performance, which tends to be modest over the first few years, increases over time, suggesting that corporate entrepreneurship may, indeed, be a generally effective means for improving long-term company financial performance. Moreover, the results indicate that corporate entrepreneurship is a particularly effective practice among companies operating in hostile environments (as opposed to benign environments). The study has three principal implications for practicing managers. First, the study documents the general financial viability of engaging in corporate entrepreneurship. This is not to suggest that corporate entrepreneurship is a panacea for improving financial performance. However, entrepreneurial behavior, when considered on the whole (i.e., across firms and industries), is associated with superior financial performance. Second, the study suggests a need to use a long-term time horizon in order to adequately judge the financial consequences of corporate entrepreneurship. The use of a shorter evaluation period may not allow sufficient time for entrepreneurial actions to have their full market and corresponding financial impact. Finally, the study identifies the context-specific character of effective entrepreneurial practice. Specifically, corporate entrepreneurship appears to be a particularly effective strategic practice among firms operating in hostile business settings.
最长约 10秒,即可获得该文献文件

科研通智能强力驱动
Strongly Powered by AbleSci AI
更新
PDF的下载单位、IP信息已删除 (2025-6-4)

科研通是完全免费的文献互助平台,具备全网最快的应助速度,最高的求助完成率。 对每一个文献求助,科研通都将尽心尽力,给求助人一个满意的交代。
实时播报
FashionBoy应助xdc采纳,获得10
4秒前
杨召完成签到,获得积分10
9秒前
大橙子发布了新的文献求助10
13秒前
酷波er应助陈昊采纳,获得10
17秒前
hcsdgf完成签到 ,获得积分10
19秒前
可取完成签到,获得积分10
20秒前
zss完成签到 ,获得积分10
20秒前
21秒前
heart完成签到 ,获得积分10
23秒前
24秒前
lingyu完成签到,获得积分10
25秒前
ym完成签到 ,获得积分10
26秒前
Masetti1完成签到 ,获得积分10
28秒前
jenny发布了新的文献求助10
29秒前
忧虑的静柏完成签到 ,获得积分10
30秒前
30秒前
强公子发布了新的文献求助10
34秒前
自由的远侵完成签到 ,获得积分10
42秒前
巧克力手印完成签到,获得积分10
43秒前
屈岂愈发布了新的文献求助10
43秒前
44秒前
大橙子发布了新的文献求助10
45秒前
量子星尘发布了新的文献求助10
46秒前
jenny完成签到,获得积分10
47秒前
祁乐安完成签到,获得积分10
48秒前
naiyouqiu1989完成签到,获得积分10
49秒前
zjhzslq发布了新的文献求助10
50秒前
baoxiaozhai完成签到 ,获得积分10
51秒前
fy完成签到,获得积分10
52秒前
强公子完成签到,获得积分10
53秒前
59秒前
song完成签到 ,获得积分10
1分钟前
怡然小蚂蚁完成签到 ,获得积分10
1分钟前
小橙子完成签到,获得积分10
1分钟前
SciGPT应助滴答采纳,获得10
1分钟前
大气白翠完成签到,获得积分10
1分钟前
确幸完成签到,获得积分10
1分钟前
zjhzslq完成签到,获得积分10
1分钟前
xdc发布了新的文献求助10
1分钟前
ommphey完成签到 ,获得积分10
1分钟前
高分求助中
【提示信息,请勿应助】关于scihub 10000
Les Mantodea de Guyane: Insecta, Polyneoptera [The Mantids of French Guiana] 3000
徐淮辽南地区新元古代叠层石及生物地层 3000
The Mother of All Tableaux: Order, Equivalence, and Geometry in the Large-scale Structure of Optimality Theory 3000
Handbook of Industrial Diamonds.Vol2 1100
Global Eyelash Assessment scale (GEA) 1000
Picture Books with Same-sex Parented Families: Unintentional Censorship 550
热门求助领域 (近24小时)
化学 材料科学 医学 生物 工程类 有机化学 生物化学 物理 内科学 纳米技术 计算机科学 化学工程 复合材料 遗传学 基因 物理化学 催化作用 冶金 细胞生物学 免疫学
热门帖子
关注 科研通微信公众号,转发送积分 4038128
求助须知:如何正确求助?哪些是违规求助? 3575831
关于积分的说明 11373827
捐赠科研通 3305610
什么是DOI,文献DOI怎么找? 1819255
邀请新用户注册赠送积分活动 892655
科研通“疑难数据库(出版商)”最低求助积分说明 815022