Corporate entrepreneurship and performance: A meta-analysis
Despite considerable research, empirical findings on the relationship between corporate entrepreneurship (CE) (i.e., strategic renewal, innovation and corporate venturing) and performance remain inconclusive. Using a meta-analysis, the present paper synthesizes prior literature regarding the CE-perf...
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| Veröffentlicht in: | Small business economics 2015-08, Vol.45 (2), p.255-278 |
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| creator | Bierwerth, Michael Schwens, Christian Isidor, Rodrigo Kabst, Rüdiger |
| description | Despite considerable research, empirical findings on the relationship between corporate entrepreneurship (CE) (i.e., strategic renewal, innovation and corporate venturing) and performance remain inconclusive. Using a meta-analysis, the present paper synthesizes prior literature regarding the CE-performance relationship of 43 independent samples including 13,237 firms. Our results reveal that strategic renewal, innovation and corporate venturing positively influence overall, subjective and objective firm performance. In addition, we conduct moderator analyses to reflect on the context and to verify whether and how the relationships vary in the presence of several study specific factors. We find that innovation has a stronger effect on performance in high-tech as opposed to low-tech industries, and the association between corporate venturing and performance is the strongest in Europe (compared with North America and Asia). Against our theoretical predictions, we find the association between strategic renewal and performance to be stronger for larger than for smaller firms. Based on our results, we derive recommendations for future research and point to managerial implications. |
| doi_str_mv | 10.1007/s11187-015-9629-1 |
| format | Article |
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Using a meta-analysis, the present paper synthesizes prior literature regarding the CE-performance relationship of 43 independent samples including 13,237 firms. Our results reveal that strategic renewal, innovation and corporate venturing positively influence overall, subjective and objective firm performance. In addition, we conduct moderator analyses to reflect on the context and to verify whether and how the relationships vary in the presence of several study specific factors. We find that innovation has a stronger effect on performance in high-tech as opposed to low-tech industries, and the association between corporate venturing and performance is the strongest in Europe (compared with North America and Asia). Against our theoretical predictions, we find the association between strategic renewal and performance to be stronger for larger than for smaller firms. 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Using a meta-analysis, the present paper synthesizes prior literature regarding the CE-performance relationship of 43 independent samples including 13,237 firms. Our results reveal that strategic renewal, innovation and corporate venturing positively influence overall, subjective and objective firm performance. In addition, we conduct moderator analyses to reflect on the context and to verify whether and how the relationships vary in the presence of several study specific factors. We find that innovation has a stronger effect on performance in high-tech as opposed to low-tech industries, and the association between corporate venturing and performance is the strongest in Europe (compared with North America and Asia). Against our theoretical predictions, we find the association between strategic renewal and performance to be stronger for larger than for smaller firms. 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| subjects | Asia Boundary conditions Business and Management Economic analysis Economic performance Entrepreneurship Europe Industrial Organization Innovation Management Meta-analysis Microeconomics Multinational corporations North America Organizational behavior Organizational effectiveness Return on assets Small and medium sized enterprises Strategic planning Studies |
| title | Corporate entrepreneurship and performance: A meta-analysis |
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