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A Review of the Relationship between Corporate Entrepreneurship and Financial Performance

Author

Listed:
  • Andreea CHITIMIEA

    (Bucharest University of Economic Studies, Romania Author-Name: Loredana Nicoleta ZAINEA
    Bucharest University of Economic Studies, Romania)

  • Cristian MARCU

    (Bucharest University of Economic Studies, Romania)

  • Alexandru PARU

    (Bucharest University of Economic Studies, Romania)

  • Vasile Emil STEFAN

    (Bucharest University of Economic Studies, Romania)

Abstract

The correlation between performance and entrepreneurship is researched in a large number of studies over the years. The research is analysing multiple aspects: the position of corporate entrepreneurship in gaining financial performance and also its position next to the other drivers and how corporate entrepreneurship is interconditioned with the others. The research results indicate the strong influence on the financial performance of the corporate entrepreneurship among the major drivers (human resources management, economic environment and digitalization), has confirmed our theory of their interconnectivity and has led us to the conclusion that entrepreneurial orientation includes corporate entrepreneurship, organisational culture, managerial tools in future research can be approached as a single element. In the development of this study, the authors used two methods of analysis (bibliometric analysis and systematic review) to synthesize and evaluate all published studies collected from the database Web of Science through a planned and structured approach. By realizing a quantitative analysis of the 317 papers using bibliometric analysis and the qualitative one carried out by filtering the papers with systematic review and resulting in a more in-depth analysis of 39 papers, the authors want to contribute to the improvement of literature for future research that can help increase the financial income of European entrepreneurs.

Suggested Citation

  • Andreea CHITIMIEA & Cristian MARCU & Alexandru PARU & Vasile Emil STEFAN, 2021. "A Review of the Relationship between Corporate Entrepreneurship and Financial Performance," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 6(1), pages 123-143, June.
    • Handle: RePEc:rom:merase:v:6:y:2021:i:1:p:123-143
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    References listed on IDEAS

    as
    1. Andreas Rauch & Johan Wiklund & G.T. Lumpkin & Michael Frese, 2009. "Entrepreneurial Orientation and Business Performance: An Assessment of past Research and Suggestions for the Future," Entrepreneurship Theory and Practice, , vol. 33(3), pages 761-787, May.
    2. Danny Miller & Peter H. Friesen, 1978. "Archetypes of Strategy Formulation," Management Science, INFORMS, vol. 24(9), pages 921-933, May.
    3. Jan Lampe & Priscilla Sarai Kraft & Andreas Bausch, 2020. "Mapping the Field of Research on Entrepreneurial Organizations (1937–2016): A Bibliometric Analysis and Research Agenda," Entrepreneurship Theory and Practice, , vol. 44(4), pages 784-816, July.
    4. Ana Alexandra GORA, 2019. "The Link Between Decision Making Process and Performance: A Bibliometric Analysis," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 4(2), pages 1-13, June.
    5. Siti Nuryanah & Sardar M. N. Islam, 2015. "Corporate Governance and Financial Management," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-43561-3, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial performance; entrepreneurship; drivers; literature review; systematic review;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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