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Entrepreneurial Orientation (EO) and Performance of Government-Linked Companies (GLCs)

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  • Wei-Loon Koe

    (Universiti Teknologi MARA)

Abstract

Quite often, people have negative views on government-linked companies (GLCs) due to the unsatisfactory performance of some key players. In order to improve the performance of GLCs in the country, Malaysian government implemented GLC Transformation Program (GLCT) in 2004. As the program is approaching its ending phase, some efforts are needed to assess the performance of GLCs. This study aimed to examine the influence of EO dimensions on the performance of GLCs. The sample of this study consisted of 153 subsidiaries and branches of G20. Based on the multiple regression analysis performed, this study found that all the five dimensions in EO, namely innovativeness (INNO), pro-activeness (PROA), risk-taking (RISK), competitive aggressiveness (COMP) and autonomy (AUTO) recorded significant positive effects on performance of GLCs. Competitive aggressiveness was identified as the most important factor that influences the performance of GLCs. As such, all the hypotheses developed for this study were supported. The results suggested that EO is not only suitable to be applied in privately owned companies, but also in GLCs. Hence, GLCs should not be perceived as public entities and they should be more entrepreneurial in managing their organizations to achieve high performance. Furthermore, this study also verified that EO is a good determinant of GLCs’ performance. At the end of this paper, recommendations for future research have been put forth.

Suggested Citation

  • Wei-Loon Koe, 2013. "Entrepreneurial Orientation (EO) and Performance of Government-Linked Companies (GLCs)," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 9(3), pages 21-41.
    • Handle: RePEc:aae:journl:v:9:y:2013:i:3:p:21-41
    DOI: 10.7341/2013932
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    Citations

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    Cited by:

    1. Neema Mori, 2015. "Access to Business Development Support Services and Performance of Youth-Owned Enterprises in Tanzania," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 11(2), pages 57-81.
    2. Dr. Gilbert Mugambi Miriti, Ph.D., 2021. "Entrepreneurial Orientation and the Performance of Youth Owned Funded Small and Medium Enterprises (SMEs) in Chuka Town (Tharaka-Nithi County) Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(5), pages 120-127, May.
    3. Haitham Alhnaity & Ayed Almuala & Ali Kh Elmasri, 2018. "The Role of Government Intervention as a Moderating Variable in the Relationship between Entrepreneurial Networks and Business Owners’ Performance in Jordan," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 5(1), pages 93-98.
    4. Alam, Md. Mahmudul & Zulkarnain, Nur Nadiah & Abdullah, Nik Herda Nik, 2019. "Entrepreneurial Orientation for Sustainable Competitive Advantage and Risk Management: Evidence from Government-Linked Companies in Malaysia," SocArXiv wbq97, Center for Open Science.
    5. Wei-Loon Koe, 2016. "The relationship between Individual Entrepreneurial Orientation (IEO) and entrepreneurial intention," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 6(1), pages 1-11, December.
    6. Adeyemi Adebayo & Barry Ackers, 2023. "Theorising hybridity in state-owned enterprises (SOEs)," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(4), pages 1249-1275, December.

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