IDEAS home Printed from https://ideas.repec.org/a/rom/merase/v6y2021i1p123-143.html
   My bibliography  Save this article

A Review of the Relationship between Corporate Entrepreneurship and Financial Performance

Author

Listed:
  • Andreea CHITIMIEA

    (Bucharest University of Economic Studies, Romania Author-Name: Loredana Nicoleta ZAINEA
    Bucharest University of Economic Studies, Romania)

  • Cristian MARCU

    (Bucharest University of Economic Studies, Romania)

  • Alexandru PARU

    (Bucharest University of Economic Studies, Romania)

  • Vasile Emil STEFAN

    (Bucharest University of Economic Studies, Romania)

Abstract

The correlation between performance and entrepreneurship is researched in a large number of studies over the years. The research is analysing multiple aspects: the position of corporate entrepreneurship in gaining financial performance and also its position next to the other drivers and how corporate entrepreneurship is interconditioned with the others. The research results indicate the strong influence on the financial performance of the corporate entrepreneurship among the major drivers (human resources management, economic environment and digitalization), has confirmed our theory of their interconnectivity and has led us to the conclusion that entrepreneurial orientation includes corporate entrepreneurship, organisational culture, managerial tools in future research can be approached as a single element. In the development of this study, the authors used two methods of analysis (bibliometric analysis and systematic review) to synthesize and evaluate all published studies collected from the database Web of Science through a planned and structured approach. By realizing a quantitative analysis of the 317 papers using bibliometric analysis and the qualitative one carried out by filtering the papers with systematic review and resulting in a more in-depth analysis of 39 papers, the authors want to contribute to the improvement of literature for future research that can help increase the financial income of European entrepreneurs.

Suggested Citation

  • Andreea CHITIMIEA & Cristian MARCU & Alexandru PARU & Vasile Emil STEFAN, 2021. "A Review of the Relationship between Corporate Entrepreneurship and Financial Performance," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 6(1), pages 123-143, June.
    • Handle: RePEc:rom:merase:v:6:y:2021:i:1:p:123-143
    as

    Download full text from publisher

    File URL: https://mer.ase.ro/files/2021-1/6-1-10.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jan Lampe & Priscilla Sarai Kraft & Andreas Bausch, 2020. "Mapping the Field of Research on Entrepreneurial Organizations (1937–2016): A Bibliometric Analysis and Research Agenda," Entrepreneurship Theory and Practice, , vol. 44(4), pages 784-816, July.
    2. Ana Alexandra GORA, 2019. "The Link Between Decision Making Process and Performance: A Bibliometric Analysis," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 4(2), pages 1-13, June.
    3. Andreas Rauch & Johan Wiklund & G.T. Lumpkin & Michael Frese, 2009. "Entrepreneurial Orientation and Business Performance: An Assessment of past Research and Suggestions for the Future," Entrepreneurship Theory and Practice, , vol. 33(3), pages 761-787, May.
    4. Danny Miller & Peter H. Friesen, 1978. "Archetypes of Strategy Formulation," Management Science, INFORMS, vol. 24(9), pages 921-933, May.
    5. Siti Nuryanah & Sardar M. N. Islam, 2015. "Corporate Governance and Financial Management," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-43561-3, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wales, William J. & Kraus, Sascha & Filser, Matthias & Stöckmann, Christoph & Covin, Jeffrey G., 2021. "The status quo of research on entrepreneurial orientation: Conversational landmarks and theoretical scaffolding," Journal of Business Research, Elsevier, vol. 128(C), pages 564-577.
    2. Torbjörn Ljungkvist & Jim Andersén, 2021. "A taxonomy of ecopreneurship in small manufacturing firms: A multidimensional cluster analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 1374-1388, February.
    3. Zhe Zhang & Xin Wang & Ming Jia, 2021. "Echoes of CEO Entrepreneurial Orientation: How and When CEO Entrepreneurial Orientation Influences Dual CSR Activities," Journal of Business Ethics, Springer, vol. 169(4), pages 609-629, April.
    4. Tobias Karmann & René Mauer & Tessa C. Flatten & Malte Brettel, 2016. "Entrepreneurial Orientation and Corruption," Journal of Business Ethics, Springer, vol. 133(2), pages 223-234, January.
    5. Bradley A. George & Louis Marino, 2011. "The Epistemology of Entrepreneurial Orientation: Conceptual Formation, Modeling, and Operationalization," Entrepreneurship Theory and Practice, , vol. 35(5), pages 989-1024, September.
    6. Eggers, Fabian & Niemand, Thomas & Filser, Matthias & Kraus, Sascha & Berchtold, Jennifer, 2020. "To network or not to network – Is that really the question? The impact of networking intensity and strategic orientations on innovation success," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    7. Gonzalo Maldonado-Guzman & Maria del Carmen Martinez-Serna & Sandra Yesenia Pinzon-Castro, 2017. "Entrepreneurial Orientation and Growth in Mexican Small Business," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 7(1), pages 94-102, March.
    8. Gabriel Linton, 2019. "Innovativeness, risk-taking, and proactiveness in startups: a case study and conceptual development," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-21, December.
    9. Rodney C. Runyan & Baoshan Ge & Baobao Dong & Jane L. Swinney, 2012. "Entrepreneurial Orientation in Cross–Cultural Research: Assessing Measurement Invariance in the Construct," Entrepreneurship Theory and Practice, , vol. 36(4), pages 819-836, July.
    10. Michael H. Morris & Justin W. Webb & Rebecca J. Franklin, 2011. "Understanding the Manifestation of Entrepreneurial Orientation in the Nonprofit Context," Entrepreneurship Theory and Practice, , vol. 35(5), pages 947-971, September.
    11. Mert Tokman & Fariss Terry Mousa & Pat Dickson, 2020. "The link between SMEs alliance portfolio diversity and top management’s entrepreneurial and alliance orientations," International Entrepreneurship and Management Journal, Springer, vol. 16(3), pages 1001-1022, September.
    12. Linton, Gabriel & Kask, Johan, 2017. "Configurations of entrepreneurial orientation and competitive strategy for high performance," Journal of Business Research, Elsevier, vol. 70(C), pages 168-176.
    13. Verena C. Hahn & Michael Frese & Carmen Binnewies & Antje Schmitt, 2012. "Happy and Proactive? The Role of Hedonic and Eudaimonic Well–Being in Business Owners’ Personal Initiative," Entrepreneurship Theory and Practice, , vol. 36(1), pages 97-114, January.
    14. Kohtamäki, Marko & Heimonen, Jesse & Sjödin, David & Heikkilä, Vili, 2020. "Strategic agility in innovation: Unpacking the interaction between entrepreneurial orientation and absorptive capacity by using practice theory," Journal of Business Research, Elsevier, vol. 118(C), pages 12-25.
    15. Rafał Kusa & Marcin Suder & Belem Barbosa & Beata Glinka & Joanna Duda, 2022. "Entrepreneurial behaviors that shape performance in small family and non-family hotels during times of crisis," International Entrepreneurship and Management Journal, Springer, vol. 18(4), pages 1545-1575, December.
    16. Byoungho Jin & Sojin Jung & So Won Jeong, 2018. "Dimensional effects of Korean SME’s entrepreneurial orientation on internationalization and performance: the mediating role of marketing capability," International Entrepreneurship and Management Journal, Springer, vol. 14(1), pages 195-215, March.
    17. Michela Floris & Angela Dettori, 2024. "“With our feet on the ground and our minds free to fly”: multiple embeddedness and entrepreneurial orientation in small and medium-sized family businesses," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 28(2), pages 565-595, June.
    18. Patrick M. Kreiser, 2011. "Entrepreneurial Orientation and Organizational Learning: The Impact of Network Range and Network Closure," Entrepreneurship Theory and Practice, , vol. 35(5), pages 1025-1050, September.
    19. Juan Pablo Román-Calderón & Camilo Franco-Ruiz & Cristina Robledo-Ardila, 2023. "Innovation Training and Entrepreneurial Climate in Emerging Market Multinational Corporations," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 32(3), pages 618-637, November.
    20. Lavlu Mozumdar & Geoffrey Hagelaar & Gerben van der Velde & S.W.F. Omta, 2020. "Determinants of the Business Performance of Women Entrepreneurs in the Developing World Context," J, MDPI, vol. 3(2), pages 1-21, May.

    More about this item

    Keywords

    financial performance; entrepreneurship; drivers; literature review; systematic review;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:merase:v:6:y:2021:i:1:p:123-143. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ciocoiu Nadia Carmen (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.