The mediating role of knowledge-based capital for corporate entrepreneurship effects on performance: A study of small- to medium-sized firms

Even though research suggests that a firm's pursuit of corporate entrepreneurship directly contributes to its performance, we develop a deeper explanation, based on the insight that this pursuit develops and extends the firm's knowledge‐based capital. Specifically, we first demonstrate tha...

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Bibliographic Details
Published in:Strategic entrepreneurship journal Vol. 5; no. 1; pp. 81 - 100
Main Authors: Simsek, Zeki, Heavey, Ciaran
Format: Journal Article
Language:English
Published: Chichester, UK John Wiley & Sons, Ltd 01.03.2011
Wiley Periodicals Inc
Subjects:
corporate entrepreneurship
Entrepreneurship
Financial performance
firm performance
Human capital
Knowledge management
knowledge-based capital
mediational model
Small & medium sized enterprises-SME
small- to medium-sized firms
Social capital
Studies
survey design
ISSN:1932-4391, 1932-443X
Online Access:Get full text
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Summary:Even though research suggests that a firm's pursuit of corporate entrepreneurship directly contributes to its performance, we develop a deeper explanation, based on the insight that this pursuit develops and extends the firm's knowledge‐based capital. Specifically, we first demonstrate that the pursuit of corporate entrepreneurship enhances the firm's knowledge‐based capital residing in people (human capital), relationships (social capital), and systems (organizational capital). Then, we examine the mediating role of each capital type for corporate entrepreneurship effects on performance. We test our hypotheses using multisource data from a sample of CEOs and their top management teams in 125 firms, including a time‐lagged measurement of knowledge‐based capital and performance. Our findings provide general support for this theory and indicate that corporate entrepreneurship is positively associated with knowledge‐based capital and through this, with performance. Copyright © 2011 Strategic Management Society.
Bibliography:ark:/67375/WNG-DWPMGJ9N-4
istex:0FE7245B40DFF8A9CECEA2D07BE3877DB5C78CFC
ArticleID:SEJ108
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 14
ISSN:1932-4391
1932-443X
DOI:10.1002/sej.108