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Small Business Economics

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01.08.2015

Corporate entrepreneurship and performance: A meta-analysis

verfasst von: Michael Bierwerth, Christian Schwens, Rodrigo Isidor, Rüdiger Kabst

Erschienen in: Small Business Economics | Ausgabe 2/2015

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Abstract

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.

Vorheriger Artikel Corporate entrepreneurship: the innovative challenge for a new global economic reality

Nächster Artikel The role of organizational size in the heterogeneous nature of corporate entrepreneurship

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Because we are constrained in the number of studies included in our analyses, we are unable to consider the moderating effects on subjective and objective performance in our analyses.

The column “CE measure” displayed in Table 1 illustrates which CE dimensions have been considered in the respective studies included in our final analyses.

The comprehensive article by Jones et al. (2011) informed us in drafting the “Appendix”.

We distinguish among North America, Asia and Europe in terms of country of origin. Although the existing studies were conducted in different countries, the number of observations is small in each individual country, disallowing a more differentiated moderator analysis on a country level. However, because there are, for example, certain cultural similarities across continents (cf. the GLOBE study, House et al. 2004), we aggregated the data to refer to different geographic regions (Rauch et al. 2009). By doing so, we obtained a sufficient number of studies for only three geographic regions.

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Titel: Corporate entrepreneurship and performance: A meta-analysis
verfasst von: Michael Bierwerth
Christian Schwens
Rodrigo Isidor
Rüdiger Kabst
Publikationsdatum: 01.08.2015
Verlag: Springer US
Erschienen in: Small Business Economics / Ausgabe 2/2015
Print ISSN: 0921-898X
Elektronische ISSN: 1573-0913
DOI: https://doi.org/10.1007/s11187-015-9629-1

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