Impact of corporate entrepreneurial strategy on firm performance in China

He, Qiuqin; Wang, Minglin; Martínez‐Fuentes, Clara

doi:10.1007/s11365-020-00678-7

Cited by 11 publications

(3 citation statements)

References 56 publications

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“…Profitability and total factor productivity are most commonly used indicators for measurement of firm performance (Cucculelli and Bettinelli, 2015) [24]. Other academics (He et al, 2020) [25] used sales growth as the indicator of firm performance. For public listed companies, scholars focus on stock market performance to determine whether the performance of a company's is a success or failure during the fiscal period (Apergis and Sorros, 2010) [26].…”

Section: Construction Of Modelmentioning

confidence: 99%

The Influence of Corporate Strategy on the Performance of Professional Service Firms under Covid-19 Pandemic

2022

AJBM

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Professional service firms has been regarded as prototypes of knowledge economy and "future enterprise" (Boussebaa& Faulconbridge, 2019) [1] . With the development of digital technology and rapidly changing external environment, companies face great challenges. Especially when the Covid-19 pandemic stoke the world. Previous researches indicated valid relation between corporate strategy and firm performance. (Porter, 1991 [2] ; Park, Shin and Jurn, 2009 [3] ). This article adopted quantitative analysis, taking three professional service firms as case studies. Secondary data is collected through financial reports, and official websites of the three companies. It is revealed that the largest professional service firms, though striving with the VUCA environment, managed to maintain a profit. Based on acquired information, the author first made a descriptive analysis of the data, then conducted correlation test and linear regression test. The relationship between both independence variables and company performance was identified to be valid.

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Section: Construction Of Modelmentioning

confidence: 99%

The Influence of Corporate Strategy on the Performance of Professional Service Firms under Covid-19 Pandemic

2022

AJBM

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“…The entrepreneurial environment can be divided into the entrepreneurial government policy environment, the entrepreneurial market business environment, and the entrepreneurial social and cultural environment ( He et al, 2020 ). The government policy environment for entrepreneurship includes entrepreneurial policies, tax policies, financial support, and research and developmental support.…”

Section: Literature Reviewmentioning

confidence: 99%

Analysis of Entrepreneurial Motivation on Entrepreneurial Psychology in the Context of Transition Economy

Bai-sheng

Wang

2021

Front. Psychol.

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This study aims to explore the connotation of entrepreneurial motivation in the context of a transitional economy. The actual situations of 135 young entrepreneurs are investigated based on questionnaire surveys and case analyses. The influences of different entrepreneurial motivation factors on entrepreneurial psychology are analyzed. Results demonstrate that the item of “gain wealth” on the entrepreneurial motivation scale has the highest score of 3.98 points. In contrast, the scores of opportunity motivation and survival motivation are basically the same, with great differences between different individuals. The dimensions of policies, regulations, and government functions on the entrepreneurial environment scale have high ranks and levels, while the support of industry associations needs to be strengthened. Generally, the entrepreneurial psychology scale has high scores; most of the items score above 3.45 points, indicating that entrepreneurship not only improves the quality of work and life for young entrepreneurs but also promotes the personal growth of entrepreneurs. The multiple stepwise regression analysis reveals significant correlations between survival and opportunity motivations of young entrepreneurs and their subjective psychology and social psychology. The results can provide experimental and useful reference materials for the following investigations.

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“…Based on resource-based theory (RBT), CE is a tool for obtaining and exploiting resources for competitive advantages such as developing a product/process/innovation and redefining the company and its industries or markets (Covin and Miles, 1999;Floyd and Wooldridge, 1999). However, most studies have focused on the association between CE and firm performance (Fis and Cetindamar, 2019;He et al, 2020;Umrani et al, 2018). Other studies have proposed that this relationship depends on contextual factors (Ghezali and Boudi, 2020;Kim and Park, 2020;Sakhdari et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Did the environmental jolt matter? Corporate entrepreneurship and firm financial performance in Egypt

Tantawy

Elaasi

Elshawadfy

2021

JEEE

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Purpose Evidence suggests that corporate entrepreneurship (CE), namely, innovativeness, risk-taking and corporate venturing, enhances a firm’s performance. However, the study of CE in developing markets – particularly in Egypt – is still new and undeveloped. The literature stresses the importance of incorporating environmental factors into the study of CE. Therefore, the purpose of this study is to examine the relationship between CE, environmental jolts (unexpected abrupt environmental events such as the Arab Spring) and the firm’s financial performance. Based on the periods before and after the series of anti-government protests known as the Arab Spring, this paper argues that after an environmental jolt, CE will negatively affect financial performance. Design/methodology/approach This study analyzes and correlates CE, environmental jolts and firm performance in Egypt for a period over 10 years (from 2007 through 2016) using a sample of 94 manufacturing firms listed on the Egyptian Stock Exchange. Data were manually collected through archival/secondary data using financial and accounting information from the annual reports released by the firms. These reports were downloaded from the firms’ webpages and the Egyptian Exchange website. Findings The main results of this paper indicate that environmental factors play a role in the effect of CE on firm performance. Using the 2011 Arab Spring as a quasi-natural experiment, this paper finds that CE’s effect on firm performance is higher pre-jolt and lower post-jolt. Practical implications This study provides useful implications for managers and practitioners. Firms need to find new ways of allocating their resources to help provide innovative products and to have a competitive advantage. Although innovation, risk-taking and corporate venturing may have a delayed impact on a firm’s financial performance, managers should evaluate the implications and the success of CE activities in the long-term, not from a short-term perspective. Originality/value Building upon the existing literature, this is the first paper to investigate the effect of CE on a firm’s financial performance in Egypt during the Arab Spring. The manufacturing firms listed on the Egyptian Exchange were analyzed in a quasi-natural experiment, taking into account the moderating role of an environmental jolt, namely, the Arab Spring.

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Impact of corporate entrepreneurial strategy on firm performance in China

Cited by 11 publications

References 56 publications

The Influence of Corporate Strategy on the Performance of Professional Service Firms under Covid-19 Pandemic

The Influence of Corporate Strategy on the Performance of Professional Service Firms under Covid-19 Pandemic

Analysis of Entrepreneurial Motivation on Entrepreneurial Psychology in the Context of Transition Economy

Did the environmental jolt matter? Corporate entrepreneurship and firm financial performance in Egypt

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