Title
Entrepreneurship in medium-size companies: Exploring the effects of ownership and governance systems
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
ISSN
0149-2063
Recommended Citation
"Entrepreneurship in medium-size companies: Exploring the effects of ownership and governance systems" (2000). Faculty Bibliography 2000s. 2874.
https://stars.library.ucf.edu/facultybib2000/2874