EconPapers    
Economics at your fingertips  
 

Impact of corporate entrepreneurial strategy on firm performance in China

Qiuqin He (), Minglin Wang () and Clara Martínez-Fuentes ()
Additional contact information
Qiuqin He: Hangzhou Normal University
Minglin Wang: Hangzhou Normal University
Clara Martínez-Fuentes: University of Valencia

International Entrepreneurship and Management Journal, 2020, vol. 16, issue 4, No 12, 1427-1444

Abstract: Abstract Implementing corporate entrepreneurial (CE) strategies is a panacea for established firms achieving high performance and gaining sustained competitive advantage in a fast-changing business environment. This paper investigates the effects of CE strategy on firm performance at both overall and individual sub-category (investing in R&D, brand equity, organisational capital and human capital) levels with Chinese listed companies over the period 2010 to 2018. The empirical results indicate two points. (1) Adopting CE strategies has a positive effect on firm performance. When investigating the influence of the specific sub-category, only investing in R&D and human capital influences firm performance significantly, while the effects of investing in brand equity and organisational capital are insignificant. (2) The effects of CE strategy and its sub-categories on firm performance exist heterogeneity across firm ownership and industry context. Specifically, the effect of CE strategy in state-owned (manufacturing) firms is larger than that in privately-owned (service) firms; state-owned firms’ performance is driven by R&D investment, while privately-owned firms’ performance is driven by R&D and human capital investment; manufacturing firms’ performance is driven by R&D and brand equity investment, while service firms’ performance is driven by human capital investment.

Keywords: Corporate entrepreneurial strategy; Firm performance; Heterogeneity; China (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11365-020-00678-7 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:intemj:v:16:y:2020:i:4:d:10.1007_s11365-020-00678-7

Ordering information: This journal article can be ordered from
http://www.springer. ... urship/journal/11365

DOI: 10.1007/s11365-020-00678-7

Access Statistics for this article

International Entrepreneurship and Management Journal is currently edited by Salvador Roig

More articles in International Entrepreneurship and Management Journal from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2020-12-26
Handle: RePEc:spr:intemj:v:16:y:2020:i:4:d:10.1007_s11365-020-00678-7