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Linking Corporate Entrepreneurship to Financial Theory through Additional Value Creation

Author

Listed:
  • George S. Vozikis
  • Garry D. Bruton
  • Dev Prasad
  • A. A. Merikas

Abstract

The study of corporate entrepreneurship (CE) has principally used accounting measures to gauge a firm's CE activities, even though it has increasingly been recognized in entrepreneurial research that more appropriate, theory-based measures are required to provide an accurate picture of a firm's CE performance. This study links corporate entrepreneurship to financial theory by advancing additional value creation (AVC) as a better measure of performance for corporate entrepreneurship activities and based on the output of the firm, rather than the usual accounting measures that are input based.

Suggested Citation

  • George S. Vozikis & Garry D. Bruton & Dev Prasad & A. A. Merikas, 1999. "Linking Corporate Entrepreneurship to Financial Theory through Additional Value Creation," Entrepreneurship Theory and Practice, , vol. 24(2), pages 33-43, December.
    • Handle: RePEc:sae:entthe:v:24:y:1999:i:2:p:33-43
    DOI: 10.1177/104225879902400204
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    2. Mair, Johanna & Rata, Cristina, 2004. "Corporate entrepreneurship: Linking strategic roles to multiple dimensions of performance," IESE Research Papers D/551, IESE Business School.
    3. Pierre Erasmus & Retha Scheepers, 2008. "The Relationship Between Entrepreneurial Intensity and Shareholder Value Creation," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 6(3), pages 229-256.
    4. Donald F. Kuratko & R. Duane Ireland & Jeffrey G. Covin & Jeffrey S. Hornsby, 2005. "A Model of Middle–Level Managers’ Entrepreneurial Behavior," Entrepreneurship Theory and Practice, , vol. 29(6), pages 699-716, November.
    5. Ke Zhao & Hongwei Wang & Wei Wang, 2023. "Women Entrepreneurs Who Break through in Reward-Based Crowdfunding: The Influence of Entrepreneurial Orientation," Sustainability, MDPI, vol. 15(12), pages 1-25, June.
    6. Homa Pirhadi & Alireza Feyzbakhsh, 2021. "Corporate entrepreneurship, its antecedents, process, and consequences: A systematic review and suggestion for future research," Journal of International Entrepreneurship, Springer, vol. 19(2), pages 196-222, June.
    7. Lai Wan Hooi, 2014. "HRM Intensity, Corporate Entrepreneurship and Organisational Learning Capability in SMEs: What is the Relationship?," Proceedings of International Academic Conferences 0701980, International Institute of Social and Economic Sciences.

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