Despite considerable research, empirical findings on the relationship between corporate entrepreneurship (CE) (i.e., strategic renewal, innovation and corporate venturing) and performance remain inconclusive. Using a meta-analysis, the present paper synthesizes prior literature regarding the CE-performance relationship of 43 independent samples including 13,237 firms. Our results reveal that strategic renewal, innovation and corporate venturing positively influence overall, subjective and objective firm performance. In addition, we conduct moderator analyses to reflect on the context and to verify whether and how the relationships vary in the presence of several studyspecific factors. We find that innovation has a stronger effect on performance in high-tech as opposed to lowtech industries, and the association between corporate venturing and performance is the strongest in Europe (compared with North America and Asia). Against our theoretical predictions, we find the association between strategic renewal and performance to be stronger for larger than for smaller firms. Based on our results, we derive recommendations for future research and point to managerial implications.
The article conducts a meta–analysis on the relationship between internationalization and firm performance in international entrepreneurship. Empirical evidence from 15,648 internationalizing entrepreneurial firms nested in 43 independent samples reveals a positive relationship between degree and scope of internationalization and performance. Knowledge intensity positively moderates the relationship between speed of internationalization and performance and negatively moderates the scope of internationalization and performance association. In contrast, we neither find a relationship between speed of internationalization and performance nor for knowledge intensity's moderation on the degree of internationalization–performance association. Based on the findings, the article systematically points at future research opportunities.
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