Corporate entrepreneurship, environment dynamism and firm performance: Evidence from Serbia
Abstract: Findings and knowledge about the relationship between corporate entrepreneurship and firm performance are not yet integrated and cumulative. While some authors support the ongoing entrepreneurial activities of established enterprises, others highlight its negative impact on their performance. Consequently, the question posed is that of significance of innovations' appropriate extent and adequate measurement. The focus of the present research is investigation of the nature of the relationship between corporate entrepreneurship and firm performance, as well as identification of factors with significant impact on the said relationship. By using data on 136 medium-sized and large enterprises operating in Serbia, this study shows that it is not always justified to increase the level of corporate entrepreneurship, i.e., that there is an optimal level of entrepreneurial activities. Moreover, the identified optimal level of corporate entrepreneurship is determined by the dynamism of the environment in which a firm operates. A high level of corporate entrepreneurship is desirable for dynamic environments, whereas in static environments the best performance is achieved at the medium (moderate) corporate entrepreneurship level.
engleski
2019
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Keywords: corporate entrepreneurship; firm performance; environment dynamism; Serbia