Entrepreneurship in medium-size companies: Exploring the effects of ownership and governance systems

    Authors

    S. A. Zahra; D. O. Neubaum;M. Huse

    Abbreviated Journal Title

    J. Manage.

    Keywords

    RESEARCH-AND-DEVELOPMENT; CORPORATE ENTREPRENEURSHIP; INSTITUTIONAL; INVESTORS; FIRM PERFORMANCE; INTERNATIONAL DIVERSIFICATION; CEO; COMPENSATION; BOARD; INNOVATION; DIRECTORS; MANAGEMENT; Business; Psychology, Applied; Management

    Abstract

    Corporate entrepreneurship (CE) which embodies a company's innovation and venturing activities, is necessary in today's competitive markets. CE is important for organizational renewal, the creation of new business, and improved performance. CE, however, requires strong and continued support from the company's top executives. Data from 231 medium-size manufacturing companies show that commitment to CE is high when: (1) executives own stock in their company; (2) the board chair and the chief executive officer are different individuals; (3) the board is medium in size; and, (4) outside directors own stock in the company. The relationships between the ratio of outside directors and CE, and institutional ownership and CE, are mixed. CE is also positively associated with future company performance. (C) 2000 Elsevier Science Inc. All rights reserved.

    Journal Title

    Journal of Management

    Volume

    26

    Issue/Number

    5

    Publication Date

    1-1-2000

    Document Type

    Review

    Language

    English

    First Page

    947

    Last Page

    976

    WOS Identifier

    WOS:000165666100005

    ISSN

    0149-2063

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