Casting A Wider Performance Net: The Role Of Entrepreneurial Orientation In Boosting Overall Firm Stakeholder Value

Keywords

entrepreneurial orientation; firm performance; longitudinal research; stakeholder value

Abstract

This study offers a broader perspective on the effects of entrepreneurial orientation beyond its well-established implications for firm financial performance. Herein, it is suggested that through higher firm innovativeness, risk taking, and proactiveness entrepreneurial orientation contributes to an increase in the overall value accrued by the firm's base of stakeholders. In doing so, we offer a broader perspective on the significance of an entrepreneurial orientation strategic posture for increasing stakeholder value beyond simply the financial value captured by firm shareholding stakeholders. Results from a comprehensive sample of 1,015 public US corporations indicate significant relationships between the three core dimensions of entrepreneurial orientation (innovativeness, risk taking, proactiveness) and stakeholder value, suggesting that how organizations behave entrepreneurially plays an important role in the firms generation of stakeholder value.

Publication Date

3-1-2016

Publication Title

Journal of Management and Organization

Volume

22

Issue

2

Number of Pages

272-290

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1017/jmo.2015.36

Socpus ID

84961054815 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84961054815

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