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
重要代桃给重要代桃的求助进行了留言
刚刚
刘肖发布了新的文献求助10
刚刚
刚刚
2秒前
Lydia完成签到,获得积分10
2秒前
搜集达人应助living笑白采纳,获得10
2秒前
顺利毕业呀完成签到,获得积分10
2秒前
山月完成签到,获得积分10
2秒前
2秒前
bkagyin应助你好好好采纳,获得10
3秒前
Cat发布了新的文献求助10
3秒前
3秒前
4秒前
初心路完成签到,获得积分10
5秒前
量子星尘发布了新的文献求助10
5秒前
RC_Wang应助姜惠采纳,获得20
5秒前
木木完成签到,获得积分10
5秒前
5秒前
咿呀应助Xuu采纳,获得10
6秒前
Loki发布了新的文献求助10
7秒前
亮liang发布了新的文献求助10
7秒前
Mint发布了新的文献求助10
8秒前
斯文芷荷完成签到,获得积分10
8秒前
小禹发布了新的文献求助10
9秒前
9秒前
领导范儿应助风趣青槐采纳,获得10
9秒前
陈小马发布了新的文献求助10
10秒前
living笑白发布了新的文献求助10
10秒前
赛妮完成签到,获得积分10
10秒前
zzz发布了新的文献求助10
10秒前
11秒前
11秒前
可爱的函函应助UU采纳,获得10
11秒前
wjx关闭了wjx文献求助
11秒前
12秒前
13秒前
SYLH应助科研通管家采纳,获得50
14秒前
chrysophoron应助科研通管家采纳,获得10
14秒前
乐观的雨应助科研通管家采纳,获得10
14秒前
汉堡包应助科研通管家采纳,获得10
14秒前
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
The Mother of All Tableaux: Order, Equivalence, and Geometry in the Large-scale Structure of Optimality Theory 3000
徐淮辽南地区新元古代叠层石及生物地层 2000
A new approach to the extrapolation of accelerated life test data 1000
Robot-supported joining of reinforcement textiles with one-sided sewing heads 400
北师大毕业论文 基于可调谐半导体激光吸收光谱技术泄漏气体检测系统的研究 390
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 4023511
求助须知:如何正确求助?哪些是违规求助? 3563520
关于积分的说明 11343006
捐赠科研通 3294978
什么是DOI,文献DOI怎么找? 1814866
邀请新用户注册赠送积分活动 889576
科研通“疑难数据库(出版商)”最低求助积分说明 813019