“…The factors determine a company's performance, including corporate governance, financial leverage, liquidity, and company size, as well as industry-related factors, such as growth and industry concentration (Cohn, Mills, & Towery, 2014;Liargovas & Skandalis, 2008). Other theories complement previous studies that use entrepreneurship management and innovation as drivers of company profitability (Audretsch, Castrogiovanni, Ribeiro, & Roig, 2005;Palacios-Marqu es, Roig-Dob on, & Comeig, 2017;Rico & Cabrer-Borr as, 2018). Kyvik (2018) incorporates the business model, creativity, and management and financial control as key variables in his analysis.…”