Title: Corporate entrepreneurship, resources, capabilities and institutional factors: an analysis for emerging markets
Authors: Edwin Alexander Henao-García; Jose Arias-Pérez; Nelson Enrique Lozada-Barahona
Addresses: Department of Administrative Sciences, Universidad de Antioquia, P.O. Box 1226, Colombia ' Department of Administrative Sciences, Universidad de Antioquia, P.O. Box 1226, Colombia ' Department of Administrative Sciences, Universidad de Antioquia, P.O. Box 1226, Colombia
Abstract: This work aims to examine the influence of organisational resources and capabilities and institutional factors on corporate entrepreneurship. The analysis is conducted in six Latin American markets considered emerging markets. The study uses data from Global Entrepreneurship Monitor and includes 27,179 observations. Logistics regressions are employed in the methodology. Two theoretical perspectives are used: resource-based theory for internal factors (entrepreneurship skills and competencies, entrepreneurial intention, entrepreneurial experience, personal networks and opportunity recognition) and institutional theory for external factors (fear of failure, media impact and education). The main results show that all internal factors and one of the external factors (education) increase the probability of an individual being a corporate entrepreneur. The results also suggest that for the countries studied in the analysis, media stories about successful new businesses reduce the probability of corporate entrepreneurship activities being pursued. Therefore, the work contributes theoretically and has implications for policy makers and practitioners.
Keywords: corporate entrepreneurship; resource-based theory; RBT; emerging markets; institutional theory; innovation management.
International Journal of Business Innovation and Research, 2020 Vol.22 No.1, pp.106 - 125
Received: 27 Oct 2017
Accepted: 29 Sep 2018
Published online: 30 Apr 2020 *